Emerging Enterprise Center Blog - Following up on standards and forms - Comments http://www.emergingenterprisecenterblog.com/ Boston Startup Lawyers & Attorneys for Venture Capital & Financing Entrepreneurs en Copyright 2012 Fri, 30 Mar 2012 11:33:09 -0500 Fri, 30 Mar 2012 11:33:09 -0500 http://www.sixapart.com/movabletype/?v=4.32-en http://blogs.law.harvard.edu/tech/rss Mike Webber I would take Mr. Taku's comment with a grain of salt, as his firm has a long history of animosity towards the NVCA forms. WSGR was involved early on in the project to create the forms, but essentially walked away over a disagreement regarding the inclusion of founders' reps in the form of purchase agreement (as I recall, the WSGR representatives wanted them to be excluded entirely, or at most characterized as an East Coast abomination).

A good summary of WSGR's position on the NVCA forms can be found in a memo it sent to the California bar in response to a solicitation for input on creating a California-law version of the forms. A copy of the memo can be found at http://www.calbar.ca.gov/calbar/pdfs/sections/buslaw/corporations/2006_nvca-memorandom.pdf.

I have no doubt that WSGR makes very little use of the NVCA forms. However, many other West Coast firms remain actively involved in the project and, as far as I know, use the forms on a regular basis.

Mike Webber
GTC Law Group LLP & Affiliates

]]> http://www.emergingenterprisecenterblog.com/deal-terms/following-up-on-standards-and-forms/#18775 http://www.emergingenterprisecenterblog.com/deal-terms/following-up-on-standards-and-forms/#18775 Deal Terms Mon, 08 Jun 2009 07:00:00 -0500 Dave Broadwin