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Shareholder Rights Corporate Governance Venture Capital

BakerHostetler

Considering ‘Dexit’: A Comparative Review of Key Issues in Delaware, Nevada and Texas Corporate Laws

BakerHostetler on

On July 9, leading venture capital firm Andreessen Horowitz (AH) announced that it had decided to redomicile its primary business entity, AH Capital Management, from Delaware to Nevada. AH made an intentionally noisy exit,...more

Goodwin

The 15-Minute Founder’s Guide: Pay-to-Play Transactions

Goodwin on

If your startup continues to follow the proverbial “hockey stick” of uninterrupted, exponential growth that you presented in your seed round pitch deck, you might always have easy access to capital and never encounter a...more

Pillsbury - Propel

Mark Zuckerberg Got Founder’s Stock—Should I?

Pillsbury - Propel on

When startup founders hear that Mark Zuckerberg received “founder’s stock” with 10-to-1 voting rights, the natural reaction is: Should I get that too? The impulse is understandable. As a founder, you may worry—sometimes...more

Mintz Edge

Delaware’s Corporate Law in the Culture War: What It Means for Startups and Founders

Mintz Edge on

A recent New York Times article titled “Delaware Law Has Entered the Culture War“ has highlighted a surprising trend: companies like Tesla, Dropbox, and Meta are reconsidering their incorporation in Delaware, long considered...more

Woodruff Sawyer

My Name’s on the Door: Founder Supremacy in Delaware After Moelis

Woodruff Sawyer on

Founding a successful company is enormously difficult. An oft-cited statistic is that 75% of venture-backed start-ups fail, a percentage that is probably both understated and fails to consider all the companies that never...more

Troutman Pepper Locke

Delaware Court of Chancery Invalidates Common Governance Rights in Stockholder Agreement

Troutman Pepper Locke on

In West Palm Beach Firefighters’ Pension Fund v. Moelis & Company, the Delaware Court of Chancery invalidated a set of approval rights contained in a stockholder agreement as facially in conflict with Section 141(a) of the...more

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