Entries tagged with “financial-markets”

Madoff and the SEC

Posted by Dave Broadwin on January 06, 2009
I am going to deviate from my usual practice of limiting my blog posts to subjects related to start ups, venture capital and the like to comment on the Madoff scandal. This particular post reflects my views and my views alone. Specifically, it does not represent the point of view of any of my partners or of Foley Hoag LLP. I am solely responsible for this content.  For all of my years as a practicing attorney I have represented small public companies before the SEC in connection with their ’34 Act compliance as well as in financing activities (including all sorts of PIPE... More

Funding and Exits

Posted by Dave Broadwin on November 14, 2008
Anecdotal evidence indicates that in the current environment there are a lot of "extension" rounds or bridges from existing investors.  The obvious reason for this situtuation is that it is hard to attract Series B and later round money in a climate where there is as much uncertainty as there is right now.  By extension rounds, I mean selling additional shares of the previous round at the same valuation as the previous round to the same players.  I suspect our research  will show that Series B and later round activity in the second quarter was basically flat.  We wont be able to... More
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