Some interesting legal reads for the week of June 15, 2015:
- DealBook on how late-stage venture capital investors will invest at high valuations but with very favorable provisions like anti-dilution protection that can ultimately come at the expense of earlier investors.
- Also from DealBook, blue chip investment banks are now paying more attention to start-ups.
- The SEC announced that it will post on EDGAR public correspondence to the effect that registration statements will not be reviewed. Previously, only the deal participants were aware that these letters were sent, though it became obvious to the public when the registration statement was declared effective without an amendment being filed.