Funding & Capital Raising
409A vs. Venture Capital Valuations
Startups value their common and preferred stock differently: common through an independent 409A appraisal, and preferred through the price investors negotiate. Because the two price different securities, a company’s 409A typically comes in well below its venture valuation — which is an expected gap within the capital structure.
Uncategorized
Texas Data Privacy & Security Act
This blog focuses on the Texas Data Privacy and Security Act (TDPSA) which establishes new consumer privacy rights and imposes data security obligations on qualifying businesses, effective July 1, 2024. If you conduct business in Texas or handle Texas residents’ personal data, it’s essential to understand these requirements and take steps to ensure compliance.