Venture Briefing: To Grow Family Business, It Must Be Managed Properly Venture Briefing: To Grow Family Business, It Must Be Managed Properly

Venture Briefing: To Grow Family Business, It Must Be Managed Properly

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FTC Settles First 'Patent Troll' Consumer-Protection Lawsuit
The Federal Trade Commission announced a settlement with a high-profile so-called "patent troll" that FTC officials say would prevent the company from making misleading claims and threatening lawsuits it has no intention of carrying out. The FTC said it is the first time the agency has used its consumer protection authority to crack down on a patent assertion entity, commonly referred to as a "patent troll."
(Source: The Hill, 2014-11-06) Read the full article
Shareholders Move to Have More Authority Over Corporate Directors
Weary of what they see as a dysfunctional dynamic, a band of institutional shareholders is mounting the first push ever at 75 United States companies to allow investors to hire and fire directors directly. The plan is intended to bring greater accountability to corporate boardrooms and eliminate some of the "clubby" aspects for which they have been criticized.
(Source: The New York Times, 2014-11-05) Read the full article
Corporate America Coming to Embrace Non-GAAP, Especially in IPOs
In a gradual shift from decades of skepticism about corporate financial metrics that depart from generally accepted accounting principles, regulators have come to see non-GAAP measurements in a more positive light. And nowhere has their use become more routine than in initial public offerings, a new analysis by PwC suggests.
(Source: CFO.com, 2014-11-03) Read the full article
Lawmakers Call on SEC to Ensure Fair Financial Information Access
The U.S. Securities and Exchange Commission must ensure that its system for distributing companies' financial information doesn't give unfair advantages to private-feed subscribers, two lawmakers said in a letter. The SEC should explain what it's doing in response to findings that customers paying for direct feeds sometimes saw market-moving disclosures 10 seconds before they were posted to the agency's website, Senators Tim Johnson and Mike Crapo wrote in the letter to SEC Chairman Mary Jo White.
(Source: Bloomberg, 2014-11-03) Read the full article
SEC Investigating P.E. Firms' Reporting of Performance Metric
The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, according to people familiar with the matter. At issue is how private equity firms report how they calculate average net returns in past funds in their marketing materials, the sources said.
(Source: Reuters, 2014-10-29) Read the full article
Third Quarter Saw $994M in Corporate Venture Firm Investments
Corporate venture firms poured nearly $994 million in 176 deals to U.S.-based companies in the third quarter, according to data from the MoneyTree Report by PwC and the National Venture Capital Association. That dollar amount was 10 percent of all venture capital invested in the third quarter, the highest percentage for corporate venture firms in 2014, according to the report, which uses data from Thomson Reuters.
(Source: San Francisco Chronicle, 2014-11-05) Read the full article
More Entrepreneurs Turning to Angel Investors for Funding
With the rich getting richer, many more entrepreneurs are turning to affluent individuals, known as "angels," for capital to expand their nascent businesses. Angels put $24.8 billion of their own money into 70,730 U.S. businesses in 2013, 41 percent more than the $17.6 billion they put into 57,225 businesses in 2009.
(Source: The Wall Street Journal, 2014-11-05) Read the full article
SBA Lending Increased 7.4 Percent in 2014 to Record $19.19B
The U.S. Small Business Administration enjoyed another banner year in fiscal 2014, approving a record $19.19 billion in loans under its 7(a) program, a 7.4 percent increase from last year. The agency had been authorized to lend $17.5 billion over the year ended Sept. 30, but when it became clear that 7(a) lending would exceed that amount, the SBA secured an increased authorization from Congress in mid-September.
(Source: CFO.com, 2014-11-06) Read the full article
In New Crowdfunding Twist, Startup to Give Small Business Loans
Crowdfunding -- gathering lots of small checks from individuals to finance a company or a project -- is a hot trend in Silicon Valley at the moment. Now, one fledgling company in New York wants to bring the principles of crowdfunding to a dusty sector of American finance: small-business lending.
(Source: The New York Times, 2014-10-29) Read the full article
U.S. VCs Accounted for 10.1% of European Funding in 2013
U.S. venture-capital investment in Europe is increasing steadily, a new report by Germany's Earlybird Venture Capital has found. U.S. VCs accounted for 10.1 percent of such funding in 2013, up from 3.6 percent in 2009.
(Source: The Wall Street Journal, 2014-11-06) Read the full article
Endowments Have Increasing Concerns with Private Equity
The honeymoon may be over for the long love affair endowments and foundations have had with private equity. Nearly 75 percent of asset owner respondents to an NEPC survey anticipated allocating at or above their targets, but had mounting concerns about the asset class.
(Source: CIO, 2014-11-05) Read the full article
 
 
 
Headlines
To Grow Family Business, It Must Be Managed Properly

 

David H. Hight

Family businesses can bring out the best in people as they work together to build a lasting legacy, both economic and emotional, for the ones they love.

That same dynamic also can present unique challenges that often derail the goals of the business and the family. A number of legal strategies and structures can be used to plan for these challenges and to build a foundation for continuing success. Read full article here.

 

By The Numbers

According to CB Insights, although there were slightly more than 450 active VC firms in 2012, only 190 of them made more than 10 investments in the year. Source: nostartuphipsters.com - The Coming Disruption in the Venture Capital Industry

 

Business
Services Group

Ice Miller has been one of the most active law firms in the private equity industry over the last decade, representing both entrepreneurs building great companies and the private equity firms and individuals that invest in them. We have extensive experience with all types of funds (formations and operations); mezzanine and senior secured financing; leveraged buyouts, roll-ups, build-ups, and consolidations; divestitures and exits; and complex litigation on behalf of investors and privately financed companies. In addition, over the past 10 years, Ice Miller has represented hundreds of emerging growth businesses in various industries on such matters as entity formation, capitalization, capital raising, alternative financing, intellectual property rights and protection, growth and exit strategies, corporate governance, tax matters, and many other legal issues that are critical to the growth and success of an emerging company.

Read the complete profile of the Business Group.

Anthony Aaron
Haley Altman
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James Bannister
Richard Barnhart
Edward Braum
Jessica Brown
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Dustin DuBois
Stephen Edwards
Michael P. Farrell
Jasmin N. French
Harry Gonso
Eric Goodman
Jon Groff
Stephen Hackman
David Hight
Steven Humke
Michael Jordan
Josef Keglewitsch
Patrick Kennedy
John Lawlor
Dean Leffelman
Chris Michael
Laurie Miller
Michael Millikan
Brent Mosby
Robert Ouellette
Thomas Pampush
Matthew Servies
Brittney Sharp
Brent Showalter
Scott Snively
Dale Stackhouse
Elizabeth Thomas
John Thornburgh
Richard Thrapp
Kristina Tridico

 

 

 

 
     
This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.

 
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