Over the last several months, California has passed several new privacy and data protection laws that impact operators of websites, online services and mobile applications around the country, including a law establishing an “Internet Eraser” for minors, and changes to the state’s data breach notification requirements. The latest bill, which amends the California Online Privacy Protection Act (“CalOPPA”), gives website operators until January 1, 2014 to update their privacy policies to disclose how they respond to “Do Not Track” mechanisms in web browsers. Are you ready for these new “Do Not Track” requirements?
Foley & Lardner’s Chicago office, home to Catapult Chicago, is proud to see the recent uptick in praise for the uniquely collaborative start-up community located in Chicago’s River North neighborhood, as it has made important progress on Chicago’s scene for emerging companies, where it is striving to grow the next generation of premier startups in Chicago. Continue reading this entry
Several weeks ago, we explained that the SEC’s proposed crowd funding rules may make financing your start-up via websites like Kickstarter more time consuming and expensive than is necessary. On October 23, 2013, the SEC clarified and proposed additional crowd funding rules, which, while not as onerous as they might have been, are still far from perfect (and may not be as good as the current financing rules). Continue reading this entry
Earlier this week, Foley hosted over 240 attendees in Boston at our 9th annual FOLEYTech Summit, titled Envision the Future: Today’s Approach to Tomorrow’s Solutions. The Summit focused on how collectively entrepreneurs, private equity investors, venture capitalists, attorneys, accountants, board members and community resources can successfully grow technology companies, specifically in the Health Care IT, Big Data and Next Generation Manufacturing industries. Continue reading this entry
Most sellers know that preparing for a sale requires certain homework, such as cleaning up business and corporate records, and considering key employee retention arrangements. Another important way to prepare for a sale is to be ready to negotiate deal structure. Continue reading this entry