A Delaware public benefit corporation (PBC) is a for-profit corporation intended to produce a public benefit and operate in a responsible and sustainable manner. A PBC must be managed in a way that balances the interests of the stockholders, the company’s key stakeholders, and a specific public benefit that the company commits to in its charter.

2019 marked the rise of the Direct Listing. Though they are not exactly new structures, following the heavily-publicized Direct Listings of tech giants Spotify and Slack, they have captured the imagination of the capital markets world. Venture capitalists love them. CFOs are intrigued by them. Bankers want to hang out with them. Securities lawyers are… Read more »

Five years ago, on July 1, 2014, we launched this site. And we’ve been amazed by what you have done with its tools. Since 2014, you have visited Cooley GO from more than 160 countries, generating 166,000+ document packets, including 30,000+ incorporation packages and 60,000+ financing-related packages. You’ve shared your stories with our community and… Read more »

Introduction One of the most important things that a company can do to maintain its value is to take thoughtful steps to protect its intellectual property, its “secret sauce,” so to speak, that sets the product or company apart and makes it valuable to consumers and investors.  There are four main types of protection for… Read more »

Very often founders raise the concern about protecting against dilution.  Specifically, they are concerned that, as they grow their business and issue stock to investors, employees, and advisors, their shares, and therefore their voting power, will be diluted.  They want to know how they can protect themselves, and their company, from losing control.  Often, this… Read more »

Privacy regulation in the EU (including the UK) have undergone significant change: new laws impact any company (even those without a presence in the EU) that operates an EU-facing website to market goods or services to EU-based individuals and/or monitors EU-based individuals, e.g., with cookies or other similar technologies. The changes are far-reaching and will… Read more »

Choosing a lawyer for your startup is a decision to consider carefully. Your options include solo practitioners, small boutique or regional firms, large multi-national firms and everything in between. If your short-term legal need is limited to incorporating, you might even consider delaying engagement of a lawyer and instead use a publicly available incorporation package… Read more »

In conjunction with our Q3 Venture Financing Report, I sat down with Brad Feld, co-founder of the Foundry Group, to get his take on the current state of venture capital investing. A few highlights from Brad: Market outlook: “The existential freakout that occurred in January and February seemed like the distant past with the lingering… Read more »