Entries tagged with “registration-rights”

Term Sheets: Six to One - Half a Dozen to the Other (Part 2)

Posted by Dave Broadwin on April 02, 2010
So, here is part 2 (see last Wednesday's post for part 1). Here is my list of half a dozen things not to negotiate (much) over: (1)            Voting Rights. Here is a mistake the VCs made a few times way back in the dawn of time, and now they don’t make the mistake any more. Under Delaware law, unless your certificate of incorporation provides otherwise, you need the vote of the holders of common stock, voting separately as a class, to increase the authorized stock of the company. Without this provision, the common have veto rights over all sorts of things, including additional... More

NVCA Forms Project

Posted by Dave Broadwin on February 12, 2010
For the first time in several years, I was able to actually attend (as opposed to sign up for and then not be able to go) the annual meeting of lawyers and VC in-house counsel that was organized by Sarah Reed  (of Charles River) long ago to develop what are now the NVCA document forms. In my view, this is one of (perhaps the) most successful forms projects ever undertaken. We are about to publish EEC Perspectives for Q4 (the link is to Q3, but Q4 will be available in the next day or so) and year end. It will show very high... More
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