Even with capital markets in a state of decline, capital continues to flow into venture capital. Pitchbook data indicates that U.S.-based VCs have $290B in dry powder and have raised a record amount in the first quarter of 2022. Aside from the potential for outside returns (e.g....
Founder and Venture Attorney at Junto Law
Over the last decade, we've seen dramatic growth in distributed ledger technology and blockchain-based digital assets. However, from the ICO boom of 2017 to the NFT craze of 2021, there has been no shortage of nefarious activity.
For many entrepreneurs, venture capital is, as Elaine Benes would put it—an enigma, a mystery wrapped in a riddle. The unique language used by venture capitalists (VCs) creates part of the mystery. What is Venture Capital? The National Venture Capital Association (NVCA) defines VCs as: Professional, institutional managers of...
Founders using convertibles like SAFEs and Convertible Notes often miss a crucial negotiation point, which can result in significant dilution–whether the valuation cap is pre-money or post-money.
For early-stage financing rounds (e.g., pre-seed and seed), SAFEs and Convertible Notes are often the investment instrument of choice for founders and funders alike.
A new breed of blockchain applications is threatening the landscape of traditional venture funding.