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How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

Gust

Last month, the SEC announced it was taking action regarding Netflix’ (NFLX) securities compliance based on a Facebook status update posted by CEO Reed Hastings. To understand the SEC’s point of view , it’s necessary to review the principles underlying securities law in the United States.

SEC 158
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Crucial Things You Need To Know About Your First External Audit For Series B

YoungUpstarts

You are sure to be happy when your business reaches a Series B financing round because it usually means your company has a higher valuation. Before your financial statements can be filed with the SEC or distributed outside of your business, an external auditor must ensure your records adhere to GAAP. 409A Valuations.

CPA 165
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boldstart in 2017, enterprise tech in 2018

BeyondVC

6 portfolio companies raised Series A financings including Manifold , Hypr , and 4 unannounced, 1 raised a Series B (unannounced), and Security Scorecard raised a $28mm Series C. There’s been lots of buzz for the need for a shared, distributed ledger but 2018 is the year we see production level use cases in the wild.

Cloud 60
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How to Form a Corporation

Up and Running

Because of its popularity, Delaware is also statistically a popular state for investors to finance businesses. Finally, they will outline the next two steps we’ll discuss below: board meetings and distribution of shares. . This sounds great, but doing business in another state means additional paperwork.

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Convertible Note Seed Financings: Founders Beware!

Scott Edward Walker

This post is the third part of a three-part primer on convertible note seed financings. Part 1, entitled “ Everything You Ever Wanted To Know About Convertible Note Seed Financings (But Were Afraid To Ask) ,” addressed the basics. Part 2, entitled “ Convertible Note Seed Financings: Econ 101 for Founders ,” addressed the economics.

Finance 64
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The Ideal Financial Reporting Tempo For A VC-Backed Company

Feld Thoughts

On the other hand, with a few exceptions (hyper-growth cases or ones where you are focusing on specific metrics), daily financing reporting is not helpful either, as is it overly burdensome on the company. Monthly financial package: This is a full financial package distributed to the board and executive team.

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What type of entity should I form?

Startup Company Lawyer

Any company that raises venture financing will need to be a C corp in order to issue preferred stock. If founders want the benefit of flow through tax treatment with respect to losses prior to an outside financing, an S corp election may make sense as long as there are no entity or non-U.S. citizen/resident stockholders.

LLC 61