Thought Leadership - Manatt, Phelps & Phillips, LLP

Manatt Represents Misfits Market in $225M Series C-1 Funding Round

Thomas Michael and Jonathan Simmons represented Misfits Market in its closing of a $225 million Series C-1 funding round led by technology-focused investment powerhouse SoftBank Vision Fund 2, with participation from leading Palo Alto-based venture capital firm Accel.

Manatt Represents Sayari Labs in Its $40M Series C Equity Capital Raise

Scott Schwartz and Christopher Dayans represented Sayari Labs, Inc., a global leader in financial intelligence and supply chain risk solutions, in its $40 million Series C equity capital raise led by Centana Growth Partners, a specialized growth equity firm.

Manatt Represents Rocket Lawyer in $223M Financing

Manatt represented Rocket Lawyer, the digital legal services provider, in its major growth capital financing of $223 million led by Vista Credit Partners, a strategic credit investor and financing partner focused on the enterprise software, data and technology markets.

Manatt Welcomes Digital and Technology Duo to Further Support Emerging Company and Venture Investing

Thomas Michael and Rustin Brown bring deep venture capital and emerging company experience, strengthening Manatt@s legal and consulting platform for entrepreneurs, business leaders and VCs on digital transformation strategiesManatt, Phelps @ Phillips, LLP, a multidisciplinary, integrated professional services firm, announced today that venture capital and emerging companies partners Thomas W...

New York Drags Its Securities Filings Into the 21st Century

New rules will simplify the notice filing process for private placements by requiring filings be made on a Form D via the North American Securities Administrators Association multistate Electronic Filing Depository, consistent with how such filings have long been made in most other states.

SEC, Securities, Securities Act of 1933, Private Placement, State Securities Laws

Did You Really Need That PPP Loan? The SBA Wants to Know

Without much fanfare, the Small Business Administration (SBA) has started investigating borrowers of larger Paycheck Protection Program (PPP) loans to obtain information about their business activities.

Nonprofit, SBA, Equity, Loans, PPP

Raising Capital Through Private Placements: Rule 506(b) vs. Rule 506(c) Offerings

Startups, and particularly first-time founders, typically find that raising funds is a significant, challenging and time-consuming process.

SEC, Investment, Stock, Founder, Capital Raise, Regulation D, Federal Securities Laws, Securities Act of 1933, Private Placement, Rule 506(b), Rule 506(c), Accredited and Nonaccredited Investors

SEC Makes Key Changes to Accredited Investor Definition

In its Final Rule issued on August 26, 2020, a divided Securities and Exchange Commission (SEC) expanded the group of individuals and entities permitted to invest in private securities by amending the definitions of “accredited investor” and “qualified institutional buyer.”

Founder’s Stock: Vesting and Acceleration

Founder’s stock refers to the equity granted, typically in the form of common stock, to founders of a company for their preformation efforts in building the company.

Tax, Equity, Stock, Founder, Vesting, Common Stock, Acceleration

Selecting the Appropriate Structure for Your Startup

Founders must contend with many important decisions early in the life of a startup, including selecting the appropriate corporate structure.

Investment, Corporate Structure, C Corporation, S Corporation, LLC, Limited Liability Company, Incorporation, Founder, Formation