We are pleased to share outstanding highlights this month about our firm, the venture capital landscape, and our clients and contacts who continuously enrich the entrepreneurial ecosystem.
McCarter partner Mike Horn has received the 2019 NJBIZ Icon Award for his continued notable success and strong leadership in New Jersey in the legal field and within his community.
New Jersey has doubled the Angel Tax Credit program incentive. The incentive has doubled from 10% to 20% and up to 25% for companies in designated opportunity zones or owned by women or people of color.
Hotshot, a pioneer in legal training, was highlighted in a recent edition of Legal Evolution. Hotshot differs from its peers, employing videos, gamification, and interactivity rather than static web pages. Speak2 Software was selected as a finalist in the Best Healthcare Experience category at the Voice Summit 2019. The awards honor innovative members of the emerging voice tech community. Speak2 provides a senior-care solution that leverages voice command and smart speaker technology to help seniors communicate with their caregivers. Crescent Crypto Asset Management co-founder Chris Matta and McCarter Partner Dave Sorin were highlighted in ROI-NJ, which discussed how blockchain is enabling issuers and owners of costly assets—such as fine art and real estate—to sell undivided ownership and other interests to small investors. Featured in TechCrunch, ff Venture Capital portfolio company dataPlor is a platform that indexes micro-businesses in emerging markets. Backend Benchmarking and its CEO Ken Shapiro partnered with Barron’s on its third-annual robo ranking. According to Backend’s analysis, robo assets have risen to $440 billion at the last count and continue to rise as they expand their services.
RSVP to FundingPost’s NYC VC Summer in Times Square on August 8, where new venture capital funds will share their approach and more than 20 companies will present elevator pitches—moderated by Dave Sorin and followed by a cocktail party overlooking Times Square.
Take a look below at additional coverage and upcoming events to explore more of the latest in venture capital.
McCarter’s Venture Capital & Emerging Growth Companies Practice lawyers empower clients throughout the development cycle—from ideation to creation, capitalization, implementation, commercialization, and monetization.
“InsurTech NY Presents: Investing in InsurTech—Fad or Long-Term Value?”
The Fourth Floor’s “Sip & Learn Speaker Series: Startup Strategy—Financing, Growth, and Exit”
NYC VC Summer in Times Square—FundingPost
TiE New York Angels event
Philip D. Amoa authored “New Amendments to the Delaware LLC Act Relating to Series LLCs”—McCarter Law Update
Lawrence A. Sannicandro authored “Thousands of Virtual Currency Owners May Be Subject to Back Taxes, Penalties, and Interest”—McCarter Tax & Benefits Alert
Dave Sorin and Stephen Fox authored “SEC No-Action Letter Clears Ambiguity Surrounding the Existence of Utility Tokens”—McCarter Blockchain, Smart Contracts & Digital Currencies Alert
Dave Sorin authored “NJ Enhances the Angel Tax Credit Incentive”—McCarter Venture Capital and Emerging Growth Companies Alert