This editorial at the WSJ talks about some commonly advanced alternatives to current health-care/health-insurance reform legislation. As a law student, I took a whole class on insurance law; I practiced insurance defense law (in mass torts, not individual personal injury cases); and I’ve studied the economic principles relating to insurance law (in fact, I keep…
In a recent post referring to Ted Wang’s “simple series A” proposal, I noted that I would separately discuss legal opinions. Non-lawyers, and lawyers new to transactional practice, have probably never really heard of a legal opinion or what it does. Briefly, the legal opinion letter is a carefully prepared document that is designed to…
Writing about Ted Wang’s “simple series A” reminded me of this idea I came up with years ago. One alternative to drafting that I’ve always liked: “check the box” forms.” During any moderately stable period in Silicon Valley, certain terms become “market,” meaning that there’s little real dispute about them in substance and only some…
This article on a simpler approach to smaller Series A venture capital financings was written by Ted Wang, a partner at Fenwick & West, a well-known Silicon Valley law firm. Caveat: Ted and I worked on a deal several years ago where he represented the investors and I the company. So, my opinions of Ted’s…