Venture Briefing: October 4, 2017 Venture Briefing: October 4, 2017

Venture Briefing: October 4, 2017

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Economists Say Big Business is Reason Start-Ups Are Faltering
A total of 414,000 businesses were formed in 2015, the latest year surveyed, the Census Bureau reported, a slight increase from the previous year but well below the 558,000 companies given birth in 2006, the year before the recession set in. Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepreneurship by making it easier for incumbent businesses to swat away challengers -- or else to swallow them before they become a serious threat.
(Source: The New York Times, 2017-09-20) Read the full article
Senate OKs Bill Offering Cybersecurity Assistance to Small Businesses
The Senate passed legislation that would require the federal government to offer more tools to small businesses to guard their networks from cyber threats. The legislation offered by Sens. James Risch (R-Idaho) and Brian Schatz (D-Hawaii) directs the National Institute of Standards and Technology (NIST) to publish and disseminate resources to small businesses that choose to use the cybersecurity framework produced by the institute.
(Source: The Hill, 2017-09-28) Read the full article
NVCA Sues Administration Over Delay of Foreign Entrepreneur Rule
The National Venture Capital Association sued the Trump administration over its decision to delay, and likely rescind, an Obama administration initiative to encourage foreign entrepreneurs to build businesses in the U.S. Proposed last year, the International Entrepreneur Rule would have allowed foreigners who had an ownership stake in a startup U.S. business to live and work in the U.S. for 30 months or longer under a temporary status known as parole.
(Source: Seattle Times, 2017-09-19) Read the full article
Corporate Valuations to Benefit from New Professional Credential
Companies that issue financial statements in accordance with U.S. GAAP, and users of the financials, would benefit from a more rigorous, consistent, and efficient approach to valuation for financial-reporting purposes. Now that benefit is at hand, via a new professional credential -- along with more uniform standards for performing valuations for financial reporting -- created by a group of leading valuation organizations.
(Source: CFO.com, 2017-09-19) Read the full article
Public Company Boards More Engaged with Cybersecurity Issues
According to a new survey by BDO USA, 79 percent of public company directors report that their board is more involved with cybersecurity than it was 12 months ago and 78 percent say they have increased company investments during the past year to defend against cyber-attacks, with an average budget expansion of 19 percent. This is the fourth consecutive year that board members have reported increases in time and dollars invested in cybersecurity.
(Source: Help Net Security, 2017-09-29) Read the full article
Large P.E. Firms Set Fundraising Records Creating Challenge for Others
Private equity fundraising is on pace to bring in a record $561 billion across all regions and strategies in 2017. Yet ironically, fundraising for small and mid-sized vehicles, traditionally the beating heart of the market, is difficult.
(Source: Bloomberg, 2017-09-26) Read the full article
Corporations Growing More Interested in Sustainability Efforts
Finance chiefs who approach sustainability as a business opportunity rather than a risk can tap into a growing pool of investors, according to Mark Haefele, global chief investment officer at UBS Wealth Management. Investor interest in sustainability has grown dramatically in recent years.
(Source: The Wall Street Journal, 2017-09-27) Read the full article
Venture Capital Investment in Medical Technology Waning
Medical technology continues to lose ground when it comes to all U.S. venture capital investment as value-based care takes hold of the healthcare system and the industry fights to get rid of a device tax, a new report indicates. The share of medical technology venture deals dropped to just four percent of total deals last year compared to the industry's 13 percent share 25 years ago, according to the analysis by the Deloitte Center for Health Solutions and The Advanced Medical Technology Association.
(Source: Forbes.com, 2017-09-27) Read the full article
Women Making Gains in Becoming Angel Investors, Survey Finds
Women are rapidly changing the face of startup investing at the earliest stages, and soon could be changing its impact. There is not yet parity among angel investors, but women are gaining: 22 percent were female in a survey this year of Angel Capital Association members.
(Source: Columbus Business First, 2017-09-22) Read the full article
40 Percent of Small Businesses Never Reopen After Environmental Disaster
One of the hard lessons many small businesses are learning after the devastating impacts of Hurricanes Harvey and Irma is that a disaster plan is essential -- even if you think you'll never need to use it. According to the Federal Emergency Management Agency (FEMA), almost 40 percent of small businesses never reopen their doors after a disaster.
(Source: CNBC, 2017-09-16) Read the full article
 
 
 
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Connect With Our Dealmakers at Opus Connect's New York City Chapter Event
Thomas Kesoglou Christopher Bordoni Chase Stuart

Ice Miller is proud to co-host the New York City Chapter of Opus Connect on Wednesday, October 18 from 12:00-2:00 p.m. This month's topic will be: "Family Offices: An Increased Appetite for Direct Investing". We would be delighted for you to join us. Register here.

 

By The Numbers

The wealth of high net worth individuals which global consultancy firm Capgemini defines as those with investable assets of $1 million or more, excluding the primary residence, collectibles and consumables -- rose 8.2 percent on the year in 2016 and is on track to surpass $100 trillion by 2025.
Source: Reuters - Millionaires' wealth reached record $63.5 trillion globally in 2016: study

 

 

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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
Fitz Angrand
James Banister
Richard Barnhart
Samuel Beavers
Christopher Bordoni
Edward Braum
Elizabeth Brier
Adam Calisoff
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Jack Dillon
Dustin DuBois
Stephen Edwards
Michael P. Farrell
Jenny Frasier
Harry Gonso
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Jon Groff
Stephen Hackman
David Hight
Paul Huddle
Steven Humke

Michelle Jensen
Michael Jordan
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Michael Millikan
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Thomas Pampush
Megan Ryther
Audrey Schricker
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Brent Showalter
Scott Snively
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Emily Storm-Smith
Chase Stuart
John Thornburgh
Richard Thrapp
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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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