jump to navigation

Mary Beth Kerrigan to Speak on How to Raise Money from Family and Friends 05/30/2014

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Events, Venture Capital & Private Equity.
Tags: , , , , , ,
add a comment

Corporate Attorney Mary Beth KerriganThe Enterprise Center at Salem State University is hosting an event titled “Raising Money from Friends and Family – How to Do it Right” on Friday, June 6th. MBBP Corporate Attorney Mary Beth Kerrigan is one of three speakers at the event who will provide an interesting discussion on early sources of funding, from both traditional and non-traditional sources, how to do it right, and the crucial pitfalls to avoid.

To learn more or to register for the event, please visit the Enterprise Center.

Do you have questions regarding seed funding? Feel free to contact Mary Beth.

Joe Martinez to Speak At Equity Crowdfunding Symposium 02/24/2014

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Events, Venture Capital & Private Equity.
Tags: , , , , ,
add a comment

Corporate Attorney Joseph MartinezOn Thursday, April 24, MBBP Corporate Attorney Joseph Martinez will sit as a panelist for Quincy College Symposium on Equity Crowdfunding. With the passage of the Jumpstart Our Business Startups (JOBS) Act of 2012, the world of Equity Crowdfunding promises to stir the pot for investors and entrepreneurs alike. Joe will help lead a discussion that focuses on new and traditional sources of business capital including equity crowdfunding, bank loans, government loans, vendors and more.

For more details or to register visit the event page.

Please feel free to contact Joe with any questions on raising capital.

Joe Martinez to Speak at BBA Seminar on Crowdfunding 12/04/2013

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Events.
Tags: , , ,
add a comment

Corporate Attorney Joseph MartinezOn December 10 MBBP Corporate Attorney Joseph Martinez will be speaking at a Boston Bar Association seminar titled SEC’s Proposed Rules for Crowdfunding. In October the SEC proposed rules to implement Title III of the Jumpstart Our Business Startups (JOBS) Act which introduced a new “crowdfunding” exemption from registration of securities. The rules, if finalized, would make it possible for most privately-held companies to raise capital by selling securities to the public without registering with the SEC. In this program, Joe will review some of the key provisions in the proposed rules and discuss the challenges they pose for crowdfunding.

For more information or to register, please visit the event page.

NEW VC Spotlight Features 2012 VC Data, Dilution, Crowdfunding, and Non-Compete Legislation 03/20/2013

Posted by Morse, Barnes-Brown Pendleton in Client News, Corporate, Industries, Legal Developments, New Resources, Venture Capital & Private Equity.
Tags: , , ,
add a comment

Each quarter, MBBP compiles a comprehensive database of venture capital transactions that have closed within New England, New York and New Jersey. In our most recent VC Spotlight, MBBP presents the 2012 First Institutional Rounds – Deal Terms in the chart seen below.Venture Capital Data: 2012 First Institutional Rounds - Deal Terms

Further data analysis can be found in this quarter’s VC Spotlight Newsletter.

Other articles featured include:

  •  The Price of Growth – The Lifecycle of a Company from a Founder’s Dilution Perspective
  • What Every Startup Should Know About Crowdfunding
  • New Proposed Massachusetts Non-Compete Legislation Focuses on Duration of Restrictions

The full newsletter is available here.

Support Adapteva’s Parallella Project on Kickstarter 10/26/2012

Posted by Morse, Barnes-Brown Pendleton in Client News.
Tags: , , ,
1 comment so far

Adapteva, Inc.On September 27th MBBP client Adapteva, Inc. launched the “Parallella project” on Kickstarter. Adapteva is looking to raise $750,000 for their Parallella Open Computing Platform. Rewards include the Epiphany-III based Parallella board that will turn any television into a “SuperTV” by allowing users to download software, surf the web, listen to music, write e-mails and watch movies. Adapteva is approaching its goal and has over 3,500 backers but there are only 30 hours left.

Help Adapteva reach their goal by pledging on their project page here.

 

NEW VC Spotlight Features Q1 VC Data, NVCA Forms, Crowdfunding, etc. 07/23/2012

Posted by Morse, Barnes-Brown Pendleton in Legal Developments.
Tags: , , , , ,
add a comment

MBBP publishes VC Data – such as the Q1 2012 First Institutional Rounds Average Investment chart seen below – in a recent VC Spotlight. MBBP compiles a comprehensive database of venture capital transactions that have closed within New England, New York and New Jersey.

 Q2 2012 VC Data

Further data analysis can be found in this quarter’s VC Spotlight Newsletter.

Other articles featured include:

The full newsletter is available here.

Carl Barnes Panels “Crowdfunding for University Startups” Seminar 06/15/2012

Posted by Morse, Barnes-Brown Pendleton in Attorney News, Events.
Tags: , ,
add a comment

Corporate Attorney Carl BarnesOn June 13th, MBBP attorney Carl Barnes was a panelist at a seminar on crowdfunding sponsored by the Massachusetts Association of Technology Transfer Offices. The seminar, entitled “Crowdfunding for University Startups – learn how TTOs will be able to use the JOBS 2012 Act to help their start-ups raise early stage funding,” was held at the Cambridge Innovation Center. Crowdfunding won’t become a reality until the SEC adopts regulations implementing Title III of the JOBS Act – and that’s not scheduled to happen until much later this year. In the meantime, there is still a great deal for entrepreneurs to learn and consider.

For a detailed description of the JOBS Act, and a discussion of some of those considerations, please click here.

Send in the Crowds? Crowdfunding Bill Becomes Law 04/06/2012

Posted by Morse, Barnes-Brown Pendleton in Legal Developments, New Resources.
Tags: , ,
add a comment

Corporate Attorney Carl BarnesBy: Carl F. Barnes

Crowdfunding – in which entrepreneurs and start-ups raise capital in small amounts from large numbers of ordinary investors – became a reality on April 5, as President Obama signed the Jumpstart Our Business Startups Act, known as the JOBS Act. Well, almost – the Securities and Exchange Commission has been given until the end of the year to write the regulations necessary to implement the Act.

Once those regulations are adopted, entrepreneurs will be permitted to raise up to $1,000,000 in any 12-month period from ordinary investors. The amount any one person can invest in any one company will be limited to the greater of $2,000 or 5% of the investor’s income or net worth – or up to 10% of the investor’s income or net worth (subject to a cap of $10,000) if the investor’s income or net worth equals or exceeds $100,000.

Companies taking advantage of the crowdfunding rules must use either a securities broker or a “funding portal” to find investors. Companies won’t be permitted to advertise the terms of their offering, but they will be permitted to publish notices and use the internet to direct prospective investors to the intermediary. Both the company and the intermediary will be required to make significant disclosures to prospective investors and to the SEC, both before and after the offering. And both companies and their directors and officers had better be careful, because they will all be liable for material misstatements and omissions in their disclosures.

Whether the JOBS Act will satisfy the dreams of the entrepreneurial community by providing efficient and low-cost access to capital or whether the burdens of complying with the Act and the forthcoming regulations will mean that the crowdfunding rules are little-used remains to be seen. Even without the regulations in hand, though, there is much that entrepreneurs who think they will want to try crowdfunding should consider. For a detailed description of the Act and a discussion of those considerations, please click here.

For more information on crowdfunding and private placements generally, please contact Carl Barnes.

Crowdfunding of Early-Stage Businesses Gaining Momentum 11/30/2011

Posted by Morse, Barnes-Brown Pendleton in Legal Developments.
Tags: , ,
add a comment

Corporate Attorney Carl BarnesBy: Carl Barnes

Crowdfunding – in which entrepreneurs and start-ups use the internet to raise capital in small amounts from large numbers of ordinary investors – may be on its way to becoming a realty. For the moment, crowdfunding is virtually impossible under the federal securities laws. But even SEC Chairman Mary Schapiro acknowledges that crowdfunding is “gaining … popular support.” In early November, H.R. 2930, “The Entrepreneur Access to Capital Act,” was approved by the House of Representative by a margin of 407 to 17. President Obama has announced his support for the bill. And, most recently, Senator Scott Brown (R-MA) introduced S. 1791, “The Democratizing Access to Capital Act,” into the U.S. Senate.

The two bills differ in some respects. The House bill, for example, would allow entrepreneurs to raise up to $1,000,000 in any 12-month period ($2,000,000 if the company provides audited financial statements) from investors who may invest up to the lesser of $10,000 or 10% of their annual income. The Senate bill, on the other hand, would limit companies to raising no more than $1,000,000 in any 12-month period from investors who may invest no more than $1,000 per year.

But the two bills also have much in common. Both would require companies to make specific disclosures to investors and to notify the SEC of the crowdfunding. Whether the bills will be reconciled and ultimately become law – and whether they will actually help entrepreneurs raise capital more efficiently – remain open questions. But the momentum is definitely there.

For more information on crowdfunding and private placements generally, please contact Carl Barnes.

Follow

Get every new post delivered to your Inbox.

Join 50 other followers

%d bloggers like this: