For venture capital investors, proactive diligence, thoughtful deal structuring, and attention to key shifts in investment regulation are essential, particularly when participating in cross-border transactions or investing in...more
The National Venture Capital Association’s model legal documents are industry-standard venture capital financing documents that act as a baseline for emerging and venture capital companies, consisting of the certificate of...more
A “down round” is when a company raises capital based on a valuation that is lower (often materially so) than the company’s valuation in one or more prior financing rounds. Depending on the severity of the situation, a “down...more