McCarter’s Venture Capital & Emerging Growth Companies Practice empowers clients throughout the development cycle—from ideation to creation, capitalization, implementation, commercialization and monetization.
We are proud of the great things our clients are doing and are pleased to share their successes. This month we would like to highlight recent media coverage and other good news about certain of our clients and friends. For example, DocAuthority, which uses AI technology to identify, manage and secure unstructured data at scale, was listed in the September 2018 “Cool Vendors in Information Innovation” report by Gartner. Ethan Garr, Vice-President of Product at TelTech Systems, was featured on KTLA to discuss the company’s RoboKiller telecom app, designed to stop/prevent robocalls. Daniel Powell, President and CEO of Optimal Dynamics, which uses AI technology to move and manage freight more efficiently, was quoted in the FreightWaves article “Optimal Dynamics Helps Fleets Plan Loads into the Future Through Its AI-based Solution.” Nick Adams, Co-Founder and Managing Partner of Differential Ventures, is now on a panel of business experts on ZEE TV’s “Break Through the Crowd,” which allows entrepreneurs to compete to walk away with a team of prestigious marketing and crowdfunding gurus. Mike Glaicar, Founder and CEO at TrueConnect Systems, a SaaS company focused on improving both the sales process and underlying business relationships using advanced technology, was named to StrtUp’s Boost 33 Under 33 list. And, Richard S. Blumberg, M.D., Co-founder of Syntimmune, a clinical-stage biotechnology company developing antibody therapeutics, was elected to the National Academy of Medicine! These, and other of our clients, are innovating and commercializing the new products, solutions and software that fuel our economy and improve standard of living and quality of life.
We stay on top of developments affecting the entrepreneurial community and keep you informed. When Y-Combinator recently released four new SAFE forms intended to address some of the concerns raised about the original forms, particularly from the investor community, we looked into the anticipated potential benefits for our clients. In our view, as compared to the initial templates, the new forms of SAFEs, with their revisions to the methodology for determining pre- and post-money fully diluted ownership, afford some added protection for investors while increasing the dilutive effect to founders. We encourage and welcome the evolution of financing instruments and the iterative nature of these instruments to improve their utilization and adjust to market conditions, but we encourage our clients not to blindly use templates without appropriate financial and legal advice. Most of McCarter’s SAFE instruments do not involve direct use of templates, those of Y-Combinator or otherwise, but instead are modified and revised to meet the specific needs, expectations and goals of the issuer companies and their investors.
We are also ready to advise you about the recent IRS guidance on how to structure and operate “qualified opportunity” venture funds in certain low-income communities to potentially provide fund investors with significant tax incentives. Please see below for our events and thought leadership pieces on this and many other topics.
11.15.18 Teaching Lawyers About Their Clients’ Industries - Professional Development Consortium (PDC) webinar
11.15.18 Technology & Venture Capital Forum - Young Jewish Professionals
11.20.18 What Is It Worth? Valuations - Pocket MBA 2018: Finance for Lawyers and Other Professionals - Practising Law Institute (PLI)
For a complete list of our events, please click here.
McCarter also will be featured prominently at:
Select recent media mentions and publications:
9.5.18 Benjamin Hron and Cheryl Campbell authored “Anatomy of a Term Sheet: Series A Financing (Q3 2018).”
8.10.18 Omar Bareentto, Michael A. Guariglia, Jonathan Short and David J. Sorin authored “New Jersey Biotechnology Task Force Recommends Angel Investor Tax Credit Program Expansion,” M&E Venture Capital and Public Strategy Alert.
7.2.18 Gerard Brew authored “A Commentary Regarding the Section’s Technology Task Force,” which appeared in ABA Probate & Property Magazine.