Price-based antidilution protection
Monday, January 25th, 2010Price-based antidilution protection reduces the dilutive effect on an investor of a later financing at a lower valuation (a “down-round” financing). Price-based antidilution protection of some sort is a characteristic of most preferred stock and operates by increasing the number of shares of common stock into which a share of preferred stock converts (i.e. it [...]
Why founders should assign IP to their company
Friday, January 15th, 2010A problem we encounter with startling regularity is a team of founders where some or all of them have not assigned the relevant intellectual property they’ve developed to their company. This may not seem like a big deal when the value of unassigned IP is hard to determine, but it can become one if the [...]
Introducing VC Ready’s Daily Tidbit
Friday, January 15th, 2010After a long winter’s nap, the VC Ready Blog is back! To kick off the new year, we’re introducing a daily Twitter/Facebook supplement to our blog: the VC Ready Law Group Daily Tidbit. Each week (Monday through Friday) the Daily Tidbit will offer a Twitter-sized (max. 140 characters) piece of information or advice on a [...]