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Startups Contract Terms Venture Capital

Fenwick & West LLP

Convertible Notes & SAFEs: Still Popular, But Terms Are Tightening

Fenwick & West LLP on

Convertible instruments held steady in Q1 2025, but the terms are shifting in favor of investors. Interest rates on convertible notes rose by 200 to 300 basis points, and discount rates climbed as high as 10.5 percentage...more

DarrowEverett LLP

Your Business's Growth Blueprint: Why Solid Legal Documents Matter

DarrowEverett LLP on

Every successful business owner has ambition to grow, scale, and take his/her company to the next level. However, there’s one critical, often overlooked aspect that can make or break a business’s ability to get to that level:...more

Ropes & Gray LLP

Considerations When Contracting with Academic Spinouts

Ropes & Gray LLP on

Due in part to the Bayh-Dole Act of 1980, which incentivized universities to commercialize their technology, the number of academic spinouts has grown in recent years. This is particularly true in the life sciences space,...more

Goodwin

Five Areas in Which VC and Growth Equity Deal Terms Are Unique to France

Goodwin on

Over the past decade, France has emerged as a powerhouse in the European tech ecosystem. The surge of French unicorns, supported by the government’s “French tech” initiatives — which include tax credits and the formation of...more

Wyrick Robbins Yates & Ponton LLP

What is a Management Rights Letter?

Here’s a situation we see often when a company is negotiating a Series A financing. They’ve gotten through diligence, completed the lengthy and difficult process of negotiating, documenting and finalizing the venture...more

Goodwin

The 15-Minute Founder's Guide: Series A Financing Documents

Goodwin on

Heading into a startup equity financing, especially the company’s first, every founder or member of the management team owes it to their stakeholders, their company and themselves to have at least a working knowledge of the...more

Goodwin

What You Need To Know About Negotiating A Venture Term Sheet

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For any founder, whether a first-timer or a serial entrepreneur, it’s an exciting moment when you receive a term sheet from a venture capital fund for your company’s first preferred stock financing round. Excitement aside,...more

WilmerHale

In Case You Missed It: Launch Links - July 2019 #4

WilmerHale on

Some interesting links we found across the web this week: How Enforceable is Your Non-Compete Clause? Courts frequently hold non-compete clauses, that state that an individual cannot compete with a certain company in a...more

WilmerHale

In Case You Missed It: Launch Links - January 2019 #3

WilmerHale on

Some interesting links we found across the web this week: Who the Hell is Running My Startup? - Entrepreneurs are known for their passion and drive. They believe in their idea and will do whatever they can to turn that...more

Farrell Fritz, P.C.

Sellout: Why Control is Key in the Sale of VC-Backed Companies

Farrell Fritz, P.C. on

Every founder of a growth startup dreams of a big, successful exit — a sale of the company for millions of dollars. But that dream could be shattered if the investors are able to cause the company to be sold prematurely with...more

WilmerHale

What’s in a VC Term Sheet?

WilmerHale on

You’ve just received your first venture capital term sheet. Congratulations—you’ve earned it. Now what does it all mean? “Pre-money valuation,” “liquidation preference,” “pro-rata participation rights”? A seasoned venture...more

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