venture share agreement for deal by deal
Where can I find a sample of venture share agreement for deal by deal? At this link (https://govclab.com/venture-share/) it says to ask for VC Lab for such a sample not readily available there. Thanks.
Where can I find a sample of venture share agreement for deal by deal? At this link (https://govclab.com/venture-share/) it says to ask for VC Lab for such a sample not readily available there. Thanks.
We have several SAFE's as investments in a company. Virtually all of the capital has been put in by our group. What rights do we have as SAFE holders if there are issues or concerns with management actions? If you were the investor in this entity, how would you approach this situation?
Our fund's investor demographic will include US and Southeast Asians. What regulatory regime would be most favorable given the diversity of our investors?
Would there be a way to access the draft of the compliance policy on this platform?
Here the ideal structure for a Venture Studio is laid out, showing 5 legal entities - (1) Management Company, (2) General Partner, (3) Limited Partner, (4) The Venture Studio / Accelerator (operations), and (5) An Individual Company (created by the Venture Studio / Accelerator). While researching, its been suggested that the Venture Studio operations (4) be created as an LLC with the individual companies (5) being incorporated as C-corps, though I'd like some validation or refutation of this.
Guessing if you can would need a .au domain I know crowdfunding is out as that is licensed, not that I would wan to do that.
I understand a law firm advising a venture fund should not also advise a portfolio company in that fund due to potential conflicts (especially with corporate counsel). One of our fund partners is also an attorney in a firm that does patent/trademark registration work. (The fund uses a different firm for legal counsel) With a specific scope on trademark registration, there seems to be little chance for conflict in that narrow scope -- more of a value-add. Is the answer the same regardless of the partner's firm association? Firm Partner, Fund GP, Venture Partner?
We want to raise money for our ManCo, and we want to understand the risks. We will structure it as an SPV in our name and let external investors join through the SPV; this way, there should be no implications for governance and the cap table. Is there anything else we need to consider? We have already spoken to a few fund managers who have done the same, and they said they did not face any issues with this structure.
Note that it may be important for him to list me or the firm at this point, to reserve a time allocation for activities with our firm.
Looking forward to any referrals for parties/advisors for fund setup in Cayman Islands.
without minimum investment limits and the requirement for accredited investors?
What are the requirements for European GPs opening a fund in Europe, even with domicile of fund in Delaware? Is there a need for a specific license to operate and invest in the EU?
In the Cornerstone LPA, clause 3.2 mentions portfolio liquidity results with respect to 'non-investments'. Can you please explain what non-investments may be, and how their yield portfolio liquidity results?
I wonder what are the provisions in the Cornerstone LPA 2.0 that will protect the LP from unjustified termination, such as LP approval of termination and what is the best industry practice to protect LP rights.
What roles in portfolio companies can LPs play, given their expertise or network? What are the considerations for these roles in order to avoid conflicts of interest?
Here are a few articles to review that have popped up in the last month: 1) https://www.theglobeandmail.com/business/commentary/article-albertas-aim-to-be-delaware-north-deserves-more-attention-from-canadas/?rel=premium 2) https://www.canadianlawyermag.com/practice-areas/corporate-commercial/albertas-business-corporations-act-aiming-to-make-province-new-delaware/380462 3) https://unpublished.ca/news-feed-item/2023-10-15/alberta%E2%80%99s-aim-to-be-delaware-north-deserves-more-attention-from-canada%E2%80%99s 4) https://www.linkedin.com/posts/sunilsharmats_custody-digitalassets-crypto-activity-7126023715527557120-usT9/?utm_source=share&utm_medium=member_desktop 4) above from Founder Institute Toronto's own Sunil Sharma on Alberta.
3 legal entitities of a venture capital firm venture capital firm typically consists of three legal entities:1. The Management Company (ManCo) - This is the enduring entity across all funds and is owned by the fund managers. It typically employs professionals working across all of the firm’s funds. 2. The General Partner (GP) Entity - This entity manages the activities of the fund and is mostly owned by the Management Company. A new General Partner Entity is set up for each fund. 3. The Limited Partnership (LP) - This is the actual fund where the Limited Partners invest into and from where portfolio investments are deployed. A new Limited Partnership is set up for each fund. Mike had said in canada there are 2 more
A rockstar founder is asking me to help with his company - well beyond a bit of free coaching and guidance (negotiate a license, coach interim CEO, other substantial efforts) in exchange for equity &/or cash. What are the top considerations prior to raising a venture fund that may eventually want to invest in the company?
It's mentioned in the Venture Partner agreement, but I cannot find it anymore.
Looking for when to broach the topic of accreditation and how to bring it up in the conversation, this is for the closing of the PACT conversation.
Given I expect to be raising from LPs from Canada and USA: "The undersigned understands that the Offering is being made without registration under any securities law in any jurisdiction, including the Securities Act of 1933 (the “Securities Act USA”), as amended, or any securities law of any state of the United States. And including in Ontario, Canada, without registration under the Securities Act, R.S.O. 1990, c.S5 (the "Securities Act ON"). The Offering is being made only to accredited investors as defined in the Securities Act ON and Securities Act USA (or in the applicable jurisdiction). [[management_company]] acknowledge that different jurisdictions have differing definitions of 'accredited/sophisticated investor' and is respecting the regulated requirements in the applicable jurisdictions." Please provide feedback or approve.
Regarding a typical Y Combinator SAFE agreement: In the event of an Equity Financing, who should be responsible for "execute and deliver all of the transactions documents related to the Equity Financing". The Investor or the Company? The current YC document put the responsibility on the SAFE Investor. But the SAFE Investor might not know the actual Terms of the Equity round agreed by the Company with the "new" Equity Investor. So it will be difficult for the SAFE Investor to provide those documents. I'm missing something here? Thanks!
What is the best legal setup for a deal warehouse especially for the first fund? Do we create a simple LLP with equal partnership of investors (close associates) that holds 4-5 assets, which is later bought out by the fund company and transfer the warehouse assets to it? What happens to the warehouse LLP after the transfer of assets? Can this LLP be reshaped and branded as a GP or Manco company or should it be closed/killed. Or else, instead of additional administration of LLP, can we choose to keep the warehouse on a outsourcing platform like Angel list and later buy these from the fund company? Please suggest.
What are the main clauses or at least recommended clauses for an agreement with a Venture Partner in a fund?