The NVCA recently announced the release of the latest version of the NVCA model venture capital documents. The effort was led by the NVCA General Counsel Advisory Board, including Morse corporate partner Jon Gworek. The NVCA also announced that they are launching an Enhanced Model Term Sheet as part of the suite of Model Legal …
Continue reading NVCA Updates Industry Standard Model Legal Documents for VCs & Startups
On April 21, the Senate approved $484 billion in new coronavirus aid, of which $310 billion will be used to replace the exhausted funds of the Paycheck Protection Program (“PPP”). The House of Representatives is expected to pass the bill within days, with PPP loan application processing expected to recommence as early as April 23, …
Continue reading Senate Approves Deal to Expand PPP Small Business Loan Program
By: Jonathan D. Gworek and Matthew L. Mitchell With the issuance of the U.S. Treasury Departments “Interim Final Rules” and related Guideline within the Paycheck Protection Program’s (“PPP”) “Affiliation rules”, there have been concerns that the Affiliation Rules may deem the portfolio companies of venture capital and private equity firms as affiliates of the fund …
Many small businesses in the United States are considering applying for a Paycheck Protection Program (“PPP”) loan. The PPP loans have certain eligibility requirements and require the applicants to make certain certifications on the application. In order for a company to be certain that it is eligible, and that applying for a PPP loan is …
Continue reading Best Practices Before Applying For a PPP Loan: Board of Directors Meeting
2019 was a banner year for Morse's Venture Capital group, closing over 90 venture financings totaling nearly $1.3 billion in proceeds raised. Within the last decade, we have assisted our clients in raising over $5 billion in venture capital. We have been ranked as one of the region’s top law firms in completing venture capital …
Continue reading 2019 VC Deals: A Snapshot of Venture Capital Transactions
In tech startup industry moving news, legal services platform Shoobx, Inc. has launched Legal Services on Shoobx, a new program to connect startups with legal representation at a fixed, affordable fee covering not only incorporation and general corporate work but also initial equity fundraising activities. Morse corporate partner Mike Jabbawy is pioneering the program after …
Jon Gworek will be moderating a panel on corporate venture capital (CVC) at the ABA Business Law Section Spring Meeting in Vancouver later this week. Whereas a traditional venture capital firm is investing purely to maximize ROI, CVC investors may also invest for strategic reasons. This gives rise to the potential for conflicts of interest …
Continue reading Jon Gworek Moderating Panel at ABA Business Law Section Spring Meeting 2019
At the March 2019 ABA Business Law Section Spring Meeting in Vancouver, the Private Equity and Venture Capital Jurisprudence Subcommittee will feature presentations from a panel on recent judicial developments relating to private equity and venture capital. The panel will include corporate partner Scott Bleier, Lisa Hedrick of Hirschler, and Meghan Adams of Morris James. More information …
Cambridge-based startup Modulate raised a $2 million seed financing round co-led by 2Enable Partners and MBBP client Hyperplane Venture Capital. Modulate produces voice features for digital characters in video games and online experiences and gives users the freedom to sound however they want. A MBBP team led by Mike Jabbawy represented Hyperplane Venture Capital in …
Corporate partner John Hession will be a panelist on Entrepreneur's Edge: Critical Factors for a Successful Board, hosted by the University of Virginia Licensing & Ventures Group. The panel will examine the critical factors for a successful board from the legal, investing, and entrepreneurial perspectives. It will be held on Tuesday, February 26 at the UVA LVG Incubator, …
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