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

StrictlyVC, LLC

Six months ahead.

  • Home
  • Newsletter
  • Events
  • Advertising
  • About
    • About Connie
    • Mission
    • Code of Ethics
  • Contact

Legal

The SEC Gets the Case It’s Been Waiting for in Silicon Valley

Not so long ago, Theranos was flying high, its claims that it was upending the medical diagnostics business largely accepted by the public. Behind the scenes, however, some employees were growing wary of those claims, with at least one eventually reaching out to regulators to report the company’s failure to report its questionable test results. […]

Filed Under: Legal, Politics Tagged With: SEC, Silicon Valley

A Strange New Battle Begins Over Who Owns Cruise Automation

A strange new battle over valuable startup equity took another step forward late yesterday afternoon. Jeremy Guillory, a Bay Area mechanical engineer, has filed a cross-complaint against 2.5-year-old Cruise Automation and its longtime CEO, Kyle Vogt. At issue: Guillory says that the self-driving car company — which developed an autopilot system for existing cars and is […]

Filed Under: Entrepreneurs, Lawsuits, Legal Tagged With: Cruise Automation, Jeremy Gillory, Kyle Vogt, Y Combinator

VCs Aren’t the Only Ones Watching Those Mutual Fund Markdowns

VCs have been watching with great interest as mutual funds mark down the value of some of their privately held, illiquid investments, including shares of Dropbox, Zenefits, and Snapchat. Turns out the SEC is watching, too. A new Wall Street Journal report says the agency “has been asking more questions of large fund firms about […]

Filed Under: Entrepreneurs, Legal Tagged With: Fidelity, markdowns, SEC, WSJ

Amazon Softens Blow of Times Piece, But Attorneys Warn Against Celebrating Too Soon

In recent days, Amazon has worked to soften the blow of a blistering piece about its culture in Sunday’s New York Times. In the article’s immediate aftermath, Jeff Bezos wrote a memo to employees, saying the account “doesn’t describe the Amazon I know or the caring Amazonians I work with every day.” He further pointed employees […]

Filed Under: Legal Tagged With: Amazon, culture, Jeff Bezos, New York Times, workplace

The Venture Math Behind All These Giant Financings

To better understand unicorn valuations, the law firm Fenwick & West recently analyzed the financing terms of 37 U.S.-based venture backed companies that raised money at valuations of $1 billion or more in the 12-month period ending March 31. Among the firm’s findings about these financings is that only a quarter were led by “traditional” […]

Filed Under: Firm Dynamics, Legal Tagged With: Barry Kramer, Fenwick & West, unicorns

Did Pinterest Just Change the Game?

In tech, employees often join startups with the idea that they might become millionaires if those companies go public or are sold. But even experienced startup veterans often underestimate the costs involved in exiting one’s stake. Purchasing equity that has appreciated can run into the hundreds of thousands of dollars — if not millions — […]

Filed Under: Entrepreneurs, Legal, Startup

Attorney Jay Gould on the Pros and Cons of a Public Venture Offering

Earlier this week, I wrote that venture capitalists should take advantage of new general solicitation rules that allow them to advertise when they’re in fundraising mode. I was expecting pushback from skeptical VCs; what I heard from them instead was confusion about how they could advertise without breaking the rules. For help, I phoned Jay Gould, a partner […]

Filed Under: Fundraising, Legal

The Case for Embracing General Solicitation: VC Edition

Ask VCs whether top venture firms are liable to take advantage of the new general solicitation rules, and the answer is often a barely suppressed laugh. It’s easy to understand why some might look down their noses at the changes. VCs have been operating like a private club for a long time, and they tend to […]

Filed Under: Advertising, Firm Dynamics, Legal Tagged With: general solicitation rules

Primary Sidebar

Sign Up!

Add your email below to receive a copy of our free daily StrictlyVC newsletter. (Please don't forget to confirm your email address by clicking on the link in the confirmation link we will send you!)

You can unsubscribe anytime. For more details, please review our Privacy Policy.

Thank you!

We have sent you an email. Please click on the link to confirm your subscription!

.

@StrictlyVC on Twitter

Tweets by StrictlyVC
  • Privacy Policy
  • Terms of Service
  • Advertising

StrictlyVC, LLC

© 2022 StrictlyVC, LLC. All rights reserved.