The “One Big Beautiful Bill Act” (still trying to accept that this is really the name) just sweetened an already pretty sweet QSBS tax deal. Until now, you had to hold qualified small business stock (QSBS) for five years to get the famous 100% capital gains exclusion under Section 1202. Sell earlier than that? No […]
In my last post, I enthusiastically recommended Tim O’Reilly’s piece in Quartz, critiquing the prevailing winner-take-all ethos of Silicon Valley investing. In this post, I want to recommend a piece animated by a similar spirit: an interview with Bryce Roberts, founder of Indie.vc (and one of O’Reilly’s partners in the O’Reilly AlphaTech Ventures fund) on […]
UPDATE 1/9/19: The program is reauthorized for 2019, with a total of $10 million in credits set aside by the state. We’ve written in a past edition of our goodnews newsletter about an Illinois program to encourage investment in innovative early-stage companies, the Illinois Angel Tax Credit Program. Illinois has recently made an important change, which could […]
For early-stage startups looking to raise a pre-seed financing round (usually from either friends and family, angel investors or Micro VCs), the Simple Agreement for Future Equity, or SAFE, has become a mainstream, company-friendly mechanism to complete the financing. (See goodcounsel’s original post about SAFEs, here.)
There seems to be a lot of discussion among VC’s and lawyers on the coasts about the proper legal vehicle for seed-stage deals (e.g., here, here and here) and ways to streamline the legal documents (and thereby to minimize the legal fees) . As the founder of a legal practice devoted to serving startups at […]