The consideration of environmental, social and governance factors alongside financial factors in the investment decision-making process are increasingly popular ways for investors to evaluate companies and funds in which they may choose to invest.  According to the most recent report from US SIF Foundation, investors held $11.6 trillion in assets chosen according to ESG criteria…

The Securities and Exchange Commission’s (SEC) recent expansion of the definition of “accredited investor” in the final rule (Final Rule) issued on August 26, 2020, allows people with professional knowledge, experience or certifications to qualify as accredited investors, which is a highly welcome step that is creating quite a buzz!!  The Final Rule is particularly…

On June 25, 2020, the Securities and Exchange Commission, Comptroller of the Currency and the Commodity Futures Trading Commission, the Federal Reserve and Federal Deposit Insurance Corporation announced a final rule that will allow banks to invest in private funds including hedge funds, qualified opportunity zone funds (QOFs), and other private equity funds. Indeed, the…

Remember all those articles about whether venture was overvalued? With blinding speed, they now seem quaint. Bluntly stated, most venture backed companies are in a fight for survival. Although certain areas of life sciences may do somewhat better, I think the impact will be widely felt. Complicating the fight is the fact that no one…

On March 4, 2020, the Securities and Exchange Commission (“SEC”) issued proposed amendments (the “Proposals”) in Release No. 33-10763, “Facilitating Capital Formation and Expanding Investment Opportunities by Improving Access to Capital in Private Markets ” (the “Release”) affecting certain exempt offering rules to reduce impediments to fundraising under the Securities and Exchange Act of 1933 (“Securities…

Retroactive pay-to-plays are not common in a rising market but are likely to become very common over the next year or two. When inside investors “pass the hat” for the next funding round, those investors unable/unwilling to fund their pro-rata could confront some very harsh consequences. Even for companies that already have pay-to-play clauses in their…

Remember that glorious period that seems like a lifetime ago when VC’s were competing to fund your venture and offer you the most founder-friendly terms and valuations? Well after a decade of valuations always seeming to climb “up and to the right,” the rules have changed. For most companies, their next funding round is likely…

Date & Time June 20, 2019, 1:00pm Why You Should Attend Rimon’s FinTech Partner, Dror Futter, will be presenting on a live webinar titled “Inside the VC Industry’s View of University Spinouts: Critical Insights for TTOs.” Here’s a quick look at what will be addressed in this detailed session: What do VCs and corporate venture arms look for…

In late 2013, seed accelerator YCombinator introduced the SAFE (simple agreement for future equity) – a convertible instrument designed to make seed stage investing quicker and less expensive. The SAFEs quickly became a popular structure for seed investing.  Early this fall, YCombinator introduced several changes to the SAFE, most significant among them is a change…

In late 2013, seed accelerator Y Combinator introduced the SAFE (simple agreement for future equity) – a convertible instrument designed to make seed stage investing quicker and less expensive. Rimon Law’s FinTech Partner, Dror Futter, highlights changes to the SAFE made by Y Combinator this fall in a crowfunderinsider.com article. Read more here. In addition to a growing blockchain…