Venture Briefing:  How Secure Is Your Data And What Can It Cost You? Venture Briefing:  How Secure Is Your Data And What Can It Cost You?

Venture Briefing: How Secure Is Your Data And What Can It Cost You?

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GoPro's Successful IPO Paves Way for Other Late Summer IPOs
GoPro's triumphant Wall Street debut -- its shares soared more than 30 percent -- is largely its own making, but many tech companies will benefit from its success. GoPro's IPO -- the second largest in Silicon Valley in the past year -- has warmed up the market for big companies such as Alibaba and emboldened tech firms to price their shares higher, according to analysts.
(Source: Mercury News, 2014-06-26) Read the full article
Global M&A Activity Reaches Seven-Year High
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years. The dealmaking frenzy could last for several months absent geopolitical or economic shocks, with buyers keen to take advantage of their strong stock prices, ample cash reserves, and cheap and available financing.
(Source: CNBC, 2014-06-30) Read the full article
Regulations More Burdensome to Small Businesses Than Local Taxes
Thumbtack, a website that matches customers to businesses, and the Kauffman Foundation, a think-tank, ask thousands of small businesses annually about local requirements for hiring, regulations, zoning, licenses, health insurance and training. With enough data to compile (somewhat subjective) "business climate" grades for 38 states and 82 cities, they found out just how little local tax rates matter.
(Source: Business Insider, 2014-07-06) Read the full article
Survey Finds Companies Lacking at Risk Management
Companies are working harder to identify potential risks to their business, but many still fail to incorporate those risks into strategic plans or inform the board of directors. Fewer than one in five executives say their companies are effective at managing newly identified strategic risks, according to a new survey of almost 100 senior financial executives from large public and private companies with global operations by APQC, a nonprofit business research firm.
(Source: The Wall Street Journal, 2014-07-03) Read the full article
Most Small Biz Unlikely to Feel Effects of Hobby Lobby Ruling
Small businesses from Bible bookstores to Halal food producers are likely to challenge government regulations on religious grounds in coming years, thanks to a U.S. Supreme Court decision in Burwell v. Hobby Lobby Stores, but the ruling probably won't spark a plethora of Affordable Care Act lawsuits from privately held businesses, experts say. That's because the smallest U.S. companies aren't required to provide insurance, and about three-quarters of midsize and larger companies already include contraception in their employees’ health coverage.
(Source: Bloomberg Businessweek, 2014-07-02) Read the full article
Entrepreneurs Finding Nondisclosure Agreements Thing of the Past
Ten years ago, it was not unusual for entrepreneurs to request and potential investors to sign nondisclosure agreements. But today the agreements are largely considered a thing of the past, and in fact some investors say they walk away from a founder who even suggests signing one.
(Source: The New York Times, 2014-07-02) Read the full article
SEC Chair Emphasizes Enforcement Against Accounting Manipulators
As Mary Jo White sees it, the Securities and Exchange Commission’s job is to patrol Wall Street and Main Street and catch financial fraudsters. Since becoming the agency’s chair in April 2013, White, a former federal prosecutor and defense attorney, has repeatedly stressed that the agency will get tougher on financial crime.
(Source: CFO.com, 2014-07-02) Read the full article
More Midsize Companies Losing ‘Say on Pay' Votes
Shareholders casting executive compensation "say-on-pay" votes suddenly got tougher on midsize companies this year. Some five percent of midsize companies with market values between $2 billion and $10 billion failed to get majority support at annual meetings this year.
(Source: The Wall Street Journal, 2014-06-26) Read the full article
Several States Try to Court Businesses to Bring in Jobs, Revenue
Indiana is aggressively trying to poach businesses from Illinois -- a controversial economic development strategy that several other states also are employing in the battle for jobs and revenue. The dynamic playing out here is one that is being embraced by Republican governors across the country who are aggressively courting businesses in higher-tax states such as Illinois, California, Connecticut, Massachusetts, Missouri and New York -- all states with Democratic governors.
(Source: USA Today, 2014-06-28) Read the full article
Recession Provides Lessons for Those Starting New Companies
Many owners whose businesses failed during the recession have taken the plunge again, restarting or opening new businesses, but they're not repeating past mistakes. Their companies are leaner, smarter and less risky.
(Source: The New York Times, 2014-07-02) Read the full article
 
 
 
Headlines
How Secure Is Your Data And What Can It Cost You?
William J. Barath

Employers constantly deal with maintaining personnel, medical and other confidential records related to employees. Some companies keep everything forever, but this leads to crowded storerooms and increased liability in the event of lost or stolen records. In recent years, this issue has extended to electronic data related to employees, customers, and vendors. Still, many companies continue to rely on the “keep everything” approach with little regard to current technology. Read full article online.

 

 

By The Numbers

While deal count decreased for the fifth straight quarter, capital invested increased for the third straight quarter, reaching $21.6 billion—the most since the first quarter of 2000.
Source: PitchBook's quarter-end datagraphic

 

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
Jennifer Andres
Richard Barnhart
Edward Braum
Jessica Brown
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Dustin DuBois
Stephen Edwards
Jasmin N. French
Harry Gonso
Eric Goodman
Jon Groff
Stephen Hackman
David Hight
Paul Hogan

Steven Humke
Michael Jordan
Josef Keglewitsch
Patrick Kennedy
Dean Leffelman
Chris Michael
Laurie Miller
Michael Millikan
Robert Ouellette
Thomas Pampush
Matthew Servies
Brittney Sharp
Brent Showalter
Scott Snively
Dale Stackhouse
Elizabeth Thomas
John Thornburgh
Richard Thrapp
Kristina Tridico
Aaron Weir

 

 

 
     
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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