• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

McCarter & English Logo

  • People
  • Services
  • Insights
  • Our Firm
    • Leadership Team
    • Social Justice
    • Diversity & Inclusion
    • Pro Bono
    • Client Service Values
  • Join Us
    • Lawyers
    • Summer Associates
    • Patent Professionals
    • Professional Staff
    • Job Openings
  • Locations
    • Boston
    • Philadelphia
    • East Brunswick
    • Indianapolis
    • Stamford
    • Hartford
    • Trenton
    • Miami
    • Washington, DC
    • New York
    • Wilmington
    • Newark
  • Share

Share

Browse Alphabetically:

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • All
Bankruptcy, Restructuring & Litigation
Blockchain, Smart Contracts & Digital Currencies
Business Litigation
Cannabis
Coronavirus Resource Center
Corporate
Crisis Management
Cybersecurity & Data Privacy
Delaware Corporate, LLC & Partnership Law
Design, Fashion & Luxury
E-Discovery & Records Management
Energy & Utilities
Environment & Energy
Financial Institutions
Food & Beverage
Government Affairs
Government Contracts & Global Trade
Government Investigations & White Collar Defense
Healthcare
Immigration
Impact Investing
Insurance Recovery, Litigation & Counseling
Intellectual Property
Labor & Employment
Life Sciences
Manufacturing
Products Liability, Mass Torts & Consumer Class Actions
Proptech
Public Finance
Real Estate
Renewable Energy
Sports & Entertainment
Tax & Employee Benefits
Technology Transactions
Transportation, Logistics & Supply Chain Management
Trusts, Estates & Private Clients
Venture Capital & Emerging Growth Companies
  • Broadcasts
  • Events
  • News
  • Publications
  • View All Insights
Search By:
Insights Speaking Microphone 2
Main image for Venture Capital & Emerging Growth Companies October 2019 Highlights
Publications|Alert

Venture Capital & Emerging Growth Companies October 2019 Highlights

Venture Capital & Emerging Growth Companies Alert

10.7.2019

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 Highlights:

McCarter lawyers Benjamin Hron and Stephen Fox authored a Q3 2019 Anatomy of a Term Sheet: Series A Financing pamphlet to help guide entrepreneurs in evaluating a term sheet, introducing them to the standard terms in an early-stage equity financing.

Industry Highlights: 

PitchBook recently published an enlightening report discussing “The Emergence of Pre-Seed: How Seed-Stage VC Has Developed and Where We Go from Here,” in which they analyze how pre-seed has emerged as a viable new stage, and that firms are raising more rounds of capital prior to early-stage venture (Series A+). The average number of seed rounds has increased from 1.2 in 2013 to 1.5 in 2019. The data evidences the growing importance of this venture financing segment and suggests that the venture capital industry may be returning to its roots as the supporter of innovation. Much of the report is consistent with our experience regarding the sizes and stages of development of companies undertaking pre-seed deals.

NBA star Spencer Dinwiddie has launched a tokenized Reg D offering to participate in a portion of his three-year, $34.5 million contract with the Brooklyn Nets, and is launching a platform for other players to do the same. Investors would receive monthly payments plus interest, and the player receives payment up front. Investors have the opportunity to participate in the player’s performance bonuses under the contract and can stay involved if the player opts out of the contract and signs with another team for more money. The NBA, however, says that the proposed tokenization violates its collective bargaining agreement.

McCarter lawyers Dave Sorin, Matt Uretsky, Jared Sorin, Joe Daniels, and Scott Smedresman have been on the cutting edge of income-sharing agreements and related securitization transactions for several of our clients. These agreements are being used, among other ways, to finance students’ education and to help employers gain access to prospective talent. We have also been working on tokenized securitization models involving nontraditional assets, including e-commerce inventories and recycling credits. This is all part of a greater trend of the “self-capitalized” individual. Tokenization is here to stay and may grow to replace many more traditional financial instruments.

Event Highlights:

For the fourth consecutive year, we sponsored the Propelify Innovation Festival held in Hoboken on October 3. More than 8,000 attendees enjoyed music and networking and participated in engaging talks on topics of interest to innovators, technologists, entrepreneurs, and investors. McCarter was the sole law firm sponsor for the event, and Dave Sorin—who has deep roots in NJ Tech Council and the national startup community—spoke about the promise and challenges of blockchain. Guillermo Artiles, former associate counsel to NJ Gov. Phil Murphy, led a panel discussing the emerging cannabis industry.

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.

11.07.19

Business Essentials: Protecting Intellectual Property

10.23.19

Funding Post Boston VC and Angel Investor Conference

10.04.19

Asbury Agile

10.03.19

Propelify Innovation Festival

sidebar

pdfemail

Related Services

Venture Capital & Emerging Growth Companies
Corporate
Subscribe to our Insights
McCarter & English, LLP
Copyright © 2022 McCarter & English, LLP. All Rights Reserved.
  • Login
  • Attorney Advertising
  • Privacy
  • Awards Methodology
  • Contact
  • Subscribe
  • Sitemap

The McCarter & English, LLP website is for informational purposes only. We do not provide legal advice on this website. We can provide legal advice only to our clients in specific inquiries that they address to us. If you are interested in becoming a client, please contact us, but do not send any information about your specific legal question. We cannot serve as your lawyers until we establish an attorney-client relationship, which can occur only after we follow procedures within our firm and after we agree to the terms of the representation.

Accept Cancel