As reported in the Huffington Post:

“It’s estimated that New York’s startup community consists of at least 200 active startups founded by Israelis alone, including Conduit, Taboola, Kaltura and Fiverr. The majority of these Israeli-founded startups have raised at least $10 million in funding each: Conduit raised $110 million, Taboola raked in $40 million, Kaltura $68 million and Fiverr counts $20 million under its belt. With Israel on the fast track to revolutionizing the tech landscape, in the next decade we can expect to see even more cash flowing into Israeli startups – and importantly, their counterparts in NYC.”

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MT @marksbirch: A comprehensive NYC list

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RT @AlleyWatch Structuring Your Financing as the Purchase and Sale of Convertible Notes: http://t.co/wiVCIK3LS3 #startups #hl74

“Generally, if the company and investors can agree on the pre-money valuation and therefore the price per share, there is no reason not to do an equity financing. You should be able to get through the other terms; valuation is often the most difficult term to negotiate. Convertible notes can be very useful when there is great disagreement between the company and the investors over the pre-money valuation of the company. It allows the company and investors to bridge the valuation gap. The valuation is not set, and so the company and the investors can still do a deal.”

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A recent client inquiry caused me to read again this excerpt from a decision of the United States Court of Appeals for the First Circuit:

llbeandrake“Our reluctance to apply the anti-dilution statute (Maine trademark law) to the instant case also stems from a recognition of the vital importance of parody. Although, as we have noted, parody is often offensive, it is nevertheless “deserving of substantial freedom — both as entertainment and as a form of social and literary criticism.” Berlin v. E.C. Publications, Inc., 329 F.2d 541 (2d Cir.), cert. denied, 379 U.S. 822, 85 S.Ct. 46, 13 L.Ed.2d 33 (1964). Accord Fisher v. Dees, 794 F.2d 432, 437-38 (9th Cir.1986)(“`Destructive’ parodies play an important role in social and literary criticism and thus merit protection even though they may discourage or discredit an original author.”);Pring v. Penthouse International, Ltd., 695 F.2d 438 (10th Cir.1982), cert. denied, 462 U.S. 1132, 103 S.Ct. 3112, 77 L.Ed.2d 1367 (1983) (defendants’ bawdy “spoof” and “ridicule” of Miss America pageant entitled to full range of first amendment protection); Groucho Marx Productions v. Day and Night Co., 689 F.2d 317, 319 n. 2 (2d Cir.1982) (noting “the broad scope permitted parody in first First Amendment law.”); Elsmere Music v. National Broadcasting Co., 623 F.2d 252, 253 (2d Cir.1980)(“in today’s world of unrelieved solemnity, copyright law should be hospitable to the humor of parody….”). It would be anomalous to diminish the protection afforded parody solely because a parodist chooses a famous trade name, rather than a famous personality, author or creative work, as its object.[5]”

L.L. BEAN, INC. v. DRAKE PUBLISHERS, INC., 811 F.2d 26 (1987) (1st. Cir 1987)

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From a op-ed today in the New York Times:

“”Did anyone in the White House or the N.S.A or the C.I.A. consider flying to Hong Kong and treating Mr. Snowden like a human being, offering him a chance to testify before Congress and a fair trial? Maybe he would have gone with President Vladimir V. Putin anyway, but at least he would have had another option.”

Information and knowledge will always seek its own distribution. That is how the machine works. All should consider reading again “Zen and the Art of Motorcycle Maintenance.”

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gfx_regis

    Regis Tech Accelerator to Launch Inaugural Summer Academy in June

I am Regis Class of XX. The Number One Jesuit high school in the nation, located on the Upper East Side of New York City.

This summer, the Regis Tech Accelerator (RTA), an alumni affinity group at Regis, will launch its inaugural 6-week Summer Academy from June 17 through August 1. The program will be hosted at Regis High School.

The RTA, founded this past winter, primarily functions as a forum for Regis alumni to discuss tech-facilitated entrepreneurship. The newly developed Summer Academy is designed to serve as an outlet for those entrepreneurs to cultivate their business concepts. This year, the Summer Academy will provide as many as 6 start-up companies rent-free access to office space, technology resources and mentors through designated classrooms at Regis. Participants will also host a “Demo Day” at the conclusion of the program.
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“The Securities and Exchange Commission is making way for a number of startups and online investment platforms to enable startups to crowdsource investment. Early last week, Y Combinator-backed FundersClub received notice from the SEC that the agency would not pursue action against its crowdfunding platform. But it wasn’t alone: a few days later, AngelList received a similar letter from the SEC.”

Source TECHCRUNCH

The introduction of idiosyncratic crowd sourced funding platforms will give more startups access to qualified funding and also raise more interesting structure issues for startup attorneys.

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60secondpitches

The gladiators hung up their swords and chains over two centuries ago. While the 60 second pitch might be convenience for the Attention Deficit Disorders of venture capitalists and angel investors, it hardly ever favors the entrepreneur. Here is a link to a match.com like set of 60 second pitches in Philadelphia this wee, the eponymously titled “60 Second Pitch Project.”

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startupfees

A little over two years ago, venture capitalist extraordinaire Fred Wilson posted “A Challenge to Startup Lawyers (not attorneys)” vehemently complaining about a $17,000 legal bill for a small first round financing involving angels and a few venture capitalists.
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