Tag: Investors
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Biglaw, Sponsored Content
Navigating Economic Uncertainty: 6 Tips To Keep Your Investments On Track
How you can get through current challenges while advancing long-term goals. -
Intellectual Property
Investors And The Need For IP Literacy
As the Theranos fiasco and patent eligibility survey show, there are always those who shortcut their diligence and invest based on inaccurate assumptions. - Sponsored
Leaving Your In-House Role: You Don’t Need A Portable “Book” To Be Successful
In-house legal roles have traditionally offered more accommodating schedules and greater opportunities to gain valuable business experience. Now though, the calculus may be changing. With… -
Finance
Leave Elon Musk Alone; Or, The Stupidity Of Financial Analysts Who Think A CEO’s Job Is To Be A Smiling Cardboard Cutout
The job of most CEOs, in other words, is to just not crash the ship.
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Finance
Why do VCs require legal opinions in venture deals?
Most large venture deals require that the Company’s outside legal counsel issue a customary legal opinion, addressed to the investors in the financing, in order to give the investors comfort that the company’s legal affairs are in order. For companies that have been represented since formation by large regional or national counsel with venture capital experience, this requirement generally is not overly burdensome. However, where counsel has not represented the company since formation or is unfamiliar with VC deals, the legal opinion can become an expensive part of the process and a potential delay in the timing of the financing. Below is a short primer on why VCs require legal opinions and the process and cost typically required for a law firm to issue such an opinion.
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