Every founder of a growth startup dreams of a big, successful exit — a sale of the company for millions of dollars. But that dream could be shattered if the investors are able to cause the company to be sold prematurely with proceeds only equal to or barely exceeding the investors’ liquidation preferences, leaving little
“Birthing a Unicorn is Hard” and other Takeaways from the 2014 Cornell Entrepreneurship Summit
It’s never easy to take an entire business day out of the office, but the annual Cornell Entrepreneurship Summit is well worth it. The 2014 edition, dubbed “Beyond the Horizon”, was no exception. One thing that struck me about this year’s summit was that, unlike previous years, none of the entrepreneur speakers were Cornell alums, …
New York Emerges as Tech Powerhouse
Farrell Fritz and our Emerging Companies and Venture Capital Practice Group are proud to launch the New York Venture Hub blog, a resource for entrepreneurs, emerging companies, the investors who invest in them and the professionals who serve them. This is an exciting time for the innovation ecosystem, with renewed legislative and regulatory efforts to reform capital markets to make it easier for private companies to raise capital and for small companies to go public. There has also been a proliferation of regional efforts to accelerate the commercialization of home-grown technologies through university spinouts and other technology transfer arrangements with local job creating companies. Accelerate Long Island is one such initiative, created to promote the local commercialization of inventions produced at Long Island’s world-renowned research institutions. Farrell Fritz has been playing, and will continue to play, a key role in this effort. Just across the East River (or literally, on it), Cornell University and Technion are building a world-class applied engineering campus on Roosevelt Island that is predicted to result in the creation of 600 spinouts over the next three decades. Farrell Fritz believes that technology innovation will transform our economy nationally and regionally, and we hope the New York Venture Hub blog will prove to be a useful resource to the developing innovation ecosystem. We invite you to link to our blog.
New York Emerges as Tech Powerhouse…
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