A major challenge for entrepreneurial new ventures in rural areas is a lack of access to high-quality legal resources. This is especially true when comparing the legal resources available to rural new ventures with the legal resources consumed by new ventures in traditional entrepreneurial...

In the coming years, there will be a growing supply of small businesses held by an aging owner that need to execute a succession plan, transitioning the business to a new owner that can carry the business forward in future years. Unfortunately, very few of these Baby Boomer led businesses have a...

Entrepreneurs raising capital from a group of investors typically use a lead investor model, which places key responsibilities like performing due diligence and negotiating investment terms in the hands of one investor. In instances where the investor group is comprised of angel investors or...

This Article illustrates how pre-money valuations of venture capital-backed companies may be overstated by 10X.This is because venture capital math (VC Math) ignores the economic impact of three standard practices. First, VC Math treats a company's unissued (and even non-existing) stock options...

New ventures move our economy. Most of these ventures need additional capital to grow. They raise this capital through exempt offerings, and exempt offerings are essentially limited by the pool of accredited investors (AIs). Currently, individuals must meet either net worth or income thresholds...

Several leading venture capital (VC) law firms share their formation-related resources online. These resources are for high-growth ventures forming as Delaware corporations and using equity to recruit, motivate, compensate, and retain employees. While different law firms provide these materials,...

New ventures are inherently cash-strapped. The founders who start them are typically doers — problem-identifiers and solvers who are great at finding ways to get things done within given constraints. For most entrepreneurs, the legal formalities associated with new ventures are a low priority...