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Venture Capital 2018: Nuts and Bolts

 
Author(s): Doug Bernstein, Dror Futter, Curtis L. Mo
Practice Area: Corporate & Securities
Published: Jun 2018
ISBN: 9781402431784
PLI Item #: 221484
CHB Spine #: B2416

I represent venture capital funds -- primarily serving as general counsel to First Round Capital (www.firstround.com).

I fell in love in high school and followed her to the University of Rochester where I learned that it's really cold in Rochester, hard to get a job with a history major, and that I should probably go to law school (or play the lottery) if I ever wanted to be able to afford season tickets to my beloved NY Mets.  Following college I received my law degree from Case Western Reserve University School of Law, which is a really long name -- even for a law school.

After law school I (finally) married my high school sweetheart, worked at a bunch of law firms and a private equity fund, taught a law school course on venture capital law, and turned down the general counsel job at half.com shortly before it was acquired eBay (for a lot of money).

In 2009 I founded Bernstein Law Group, PC, a name I selected after exhaustive market research — and a few beers.

I lecture frequently on a wide variety of topics -- primarily to my wife and kids. I've worked on more venture capital transactions then any lawyer in the history of the world and hope that my #StatsIMadeUp meme on twitter (@DougBernstein) catches on one day.

When not working on venture capital transactions I coach my son's various sports teams, watch my daughter's ballet recitals, attempt to play golf, and train for an annual whac-a-mole competition. Yes, whac-a-mole is a sport.  No, I won't teach you how to Dougie.

I can't metabolize red wine, have developed an immunity to iocane powder, recently switched from beer to scotch, and still don't have those Mets season tickets.


Dror Futter focuses his practice on startup and blockchain companies and their investors, and has worked with a wide range of technology companies. His fifteen years’ experience as in-house counsel included positions with Vidyo, Inc., a venture-backed videoconferencing company, and New Venture Partners, a venture fund focused on corporate spinouts. Prior to that, Mr. Futter was Counsel to the CIO of Lucent Technologies, as well as supporting parts of its sourcing organization.

Mr. Futter’s practice has three main focus areas:

Venture Finance/Corporate 
Mr. Futter has represented companies and venture funds in numerous equity and debt financing rounds, from early “friends and family” and Seed rounds to later-stage mezzanine financings, and has been on both sides of the table in these transactions. On the corporate side, he routinely handles corporate formations, employee equity plans and mergers and acquisitions. Mr. Futter has also been involved in over 40 corporate spinouts and understands the unique concerns of corporate venture investors.

Blockchain and Cryptocurrencies 
Mr. Futter advises clients with respect to legal developments in the rapidly developing blockchain and cryptocurrency spaces.   He has advised on ICO’s and has worked with consortia considering the issues involved in using permissioned blockchains to support supply chain record keeping.

Transactional IT & IP
Mr. Futter represents clients in a broad range of transactions, including: software licenses, SaaS Agreements, outsourcing agreements, development agreements, website terms and conditions, patent licenses, direct and indirect channel distribution agreements, services agreements, manufacturing agreements, and other supply chain agreements.

Mr. Futter serves on the Model Forms Drafting Group of the National Venture Capital Association, the legal advisory board of the Angel Capital Association and Legal Working Group of the Wall Street Blockchain Alliance. He is also a frequent speaker and writer on venture and blockchain related topics.  In addition, Mr. Futter is an Entrepreneur in Residence at the Stevens Venture Center of the Stevens Institute of Technology and a Mentor at Princeton University’s Keller Center.

Mr. Futter is a 1986 magna cum laude graduate of Princeton University and 1989 graduate of Columbia University School of Law. He also earned an Executive MBA in 1999 from the American Electronics Association Executive Institute of Stanford University.

 


Curtis is recognized as a leading corporate and securities lawyer in Silicon Valley.  Curtis has represented emerging growth companies, major public companies,

investment banks, venture capital funds and private equity funds in hundreds of public offerings, mergers and acquisitions, buyouts, venture capital financings and other complex transactions. He has extensive experience in corporate governance matters and regularly acts as general outside counsel to public and private companies at all stages of development, particularly in the technology, life sciences and consumer sectors.

Curtis was the founding and managing partner of the Palo Alto office of two different national law firms, and co-chair of the Corporate group in Silicon Valley for a third. He is a past co-Chair of PLI’s Annual Institute and founded and co-Chairs PLI’s Venture Capital series.