Emerging Companies / Venture Capital (EC/VC)
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EC/VC practice involves representing startups, venture capital funds, and other entities on investments and other deals. This can range from a startup’s first investment (known as a “seed” investment) to later stage investments, such as Series A, Series B, and so on, as well as lending transactions with startups.
Like many corporate practices, EC/VC attorneys typically serve as generalists on behalf of startup clients, helping the company with ongoing corporate legal matters, such as incorporation documents, board resolutions, filings, as well as overall strategy for fundraising, hiring, employee equity plans, executive- and board-related matters, and other items, in close coordination with the firm’s specialists in intellectual property (IP), employee benefits, labor and employment, tax, and other areas.
Typical day-to-day activity for EC/VC attorneys includes drafting and negotiating investment agreements between the company and investors, performing due diligence by reviewing a startup’s contracts in anticipation of an investment, organizing a company’s “cap table” (list of the company’s shareholders and respective equity ownership amounts), joining companies’ board meetings, and ongoing communication with clients and specialists.
EC/VC can be an attractive option for attorneys interested in working with or opposite growing companies, working on several matters simultaneously, learning the details of how various businesses run, and becoming well-versed in other “specialist” areas.
Check out these short and helpful videos from Hotshot Legal, a video-based learning platform used by top law firms.
These videos are a great way to gain an overview of EC/VC practice, to determine if this practice area is right for you and to prepare for networking calls and interviews.
Hotshot provides content free for law students – these links will direct you to Hotshot’s website, where you may be required to create a free account.
A discussion of the perspective of companies and investors on the main economic and control rights negotiated in a venture financing term sheet. Includes liquidation preference, anti-dilution provisions, board rights and employment matters.
Check out these episodes from the How I Lawyer Podcast, a series by Georgetown Law professor Jonah Perlin.
Jonah talks to attorneys throughout the professions about what they do, why they do it, and how they do it well.
This podcast series is a great way to learn directly from attorneys about what the day-to-day work is like in different practice areas.
In this episode, Jonah Perlin speaks with Jesse Mosier, who is currently the General Counsel at Migo, a financial technology company, and a former corporate and EC/VC attorney at multiple BigLaw firms.
Check out these interactive exercises brought to you by Praktio, a modern training platform for reviewing and drafting legal documents. Use these exercises to practice these tasks, make mistakes, and learn from them!
Praktio has teamed up with Summer Associate Hub to make these exercises available to law students for free – these links will direct you to Praktio’s platform, where you may be required to create a free account.
These courses are a great way for law students to get a glimpse of EC/VC practice. We selected these exercises as only some of the key tasks on which EC/VC associates work (and, of course, this practice involves many other types of exercises).
Learn how to review target contracts and chart key data points for practical use.
Although due diligence is famous as a key stage in M&A transactions, it is also an important part of every venture financing transaction. Due diligence goes hand in hand with drafting disclosure schedules, which are the subject of the exercise below.
This course teaches how disclosure schedules work with the larger agreement and the diligence process to allocate risk between the parties.
Disclosure schedules are an important aspect of any venture financing deal, listing the company's material assets, contracts, liabilities, and exceptions to statements made in the investment agreements.
Learn how to create, confirm, and coordinate signature pages
Signature pages are a key task for junior associates in any corporate practice, including EC/VC. Because it is the vehicle for the actual signing and closing of the investment, organizing accurate signature pages is a very important task for any transaction and something that clients rely on the law firm to handle reliably.