MintzTech Connect Industry News — February 2019

By Dan DeWolf and Samuel Effron

Dear Readers, 

We continue to see remarkable growth in the Tech sectors for Emerging Companies, and we feel very lucky to play a part in our clients’ successes. We believe that every company at some level is a “Tech company,” and if a company is looking for rapid growth and scalability, it is imperative that it embraces technology.

Like our clients, we at Mintz are experiencing rapid growth, and we continue to expand and build out our Tech-focused team to meet our customers’ needs. In particular, we would like to highlight that Will Perkins and Dinesh Melwani recently joined our Boston office as partners. Their focus is on all things Tech and Emerging Companies — and they are an amazing addition to our team. Additionally, in response to the many savvy investors who have asked us to act as their legal counsel in the creation of various investment vehicles, we have added Loretta Shaw-Lorello to our team. Loretta is a seasoned fund and 1940 Act counselor and is a partner in our New York office.

We continue to assemble a team of world-class professionals who can handle the needs of any Tech company from concept to exit. Additionally, with the growth of our fund practice, we are positioned to help all players in the Emerging Companies ecosystem. We are here to help build companies and to work with investors who wish to invest in this extraordinary asset class.

We lead off this edition with a thoughtful article on issues for emerging companies to consider when dividing and sharing equity. We then follow with an important (and technical) article about issues relating to giving certain directors disproportional rights and controls. Finally, we are including one of our recent podcasts relating to positioning your enterprise for a sales process.

Sincerely yours,
Dan + Sam

CONTENTS

Sam Effron

Here’s the beauty of working with start-ups: I get to collaborate with people who see things from fresh perspectives. Add technical genius and entrepreneurial drive to a creative mindset, and you get an innovator who may have what it takes to launch a big idea in the world, where it could topple the status quo. We provide guidance, insight, and tools to help make that happen. We can help you identify opportunities for growth and then help you make the most of them. That’s gratifying work. And it leads to rewarding professional relationships. At every step, we flag legal considerations that could make a big difference. At the company formation stage, you could grant yourself legal rights that will help you hold onto your company as you attract investors. If not today, then soon, you’ll need to identify key sources of funding. I can work with you to raise new capital through private placements, an initial public offering, a strategic sale. I’ve handled these and other corporate transactions for tech-based companies in a variety of industries: software and high tech, fintech and financial services, clean and green tech, biotech, video gaming, virtual reality and artificial intelligence, consumer electronics, media, e-commerce, and others. Surprise me – and disrupt the market – with your big idea. I’m here to help.

https://orb-flatworm-3nw8.squarespace.com/meet-the-team/samuel-effron
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How to Distribute Equity in Your Start-Up

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Employment Law Basics In California