Recent News and Articles
Seed Finance Survey 2012: Internet/Digital Media and Software Industries
From Fenwick & West LLP March 25, 2013
In early 2011 Fenwick & West LLP published their first Seed Financing Survey (for 2010) in recognition of the growing importance of seed financing to entrepreneurs and the venture capital environment, especially in the internet/digital media and software industries. This is the third such survey. In addition to providing information for 2012, this survey also offers comparative information with 2011 and 2010 to facilitate the identification of trends.
Inside the Growing Secondary Market for Venture Capital Assets
For the last 15 years the secondary market for private equity and venture capital investments has grown from $600 million in 1998 to well over $50 billion in 2012.
A Second(ary) Chance for Venture Capital
Auren Hoffman BusinessWeek
Troubled VCs need to rethink how long they invest in startups; many should fund early and then sell to a secondary firm after a few years
Secondary Liquidity Drives Real Benefit for the Venture Capital EcoSystem
Midstream Shareholder Liquidity Alternatives: Structuring Shareholder take-Outs in Growth Equity Financings
From Cooley LLP - Dan Meehan and Alfred L. Browne
The recent increase in private financing transactions with a dividend, redemption, secondary sale, or other "take-out" component is well documented.
Private Company Liquidity: Fueling American Entrepreneurship
From Arcstone Bo Brustkern
For high growth companies, one of the most efficient and effective ways to align interests among stakeholders, and to allocate wealth among those who help create it, is through the issuance of stock, stock options and restricted stock units.