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Business Law

Fundrise's VCX

Should My Fund Launch a Retail Evergreen Vehicle Like Fundrise’s VCX?

Should My Fund Launch a Retail Evergreen Vehicle Like Fundrise’s VCX? Your LPs keep asking about retail capital. A public wrapper. Something that trades like a stock but holds venture investments like a fund. Then you watch Fundrise’s Innovation Fund do exactly that and run into a very public valuation problem. Fundrise listed its Innovation

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Children's Online Privacy Code

Does Australia’s Children’s Online Privacy Code Apply to My Business?

Does Australia’s Children’s Online Privacy Code Apply to My Business? You have no office in Australia. No employees there. No Australian entity. So Australian privacy law is not your problem, right? Not necessarily. Australia’s Privacy Act can apply to overseas companies with an “Australian link.” That means an Australian user base can bring an overseas

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Severance Agreement

Did My Standard Severance Agreement Just Break SEC Whistleblower Rules?

Did My Standard Severance Agreement Just Break SEC Whistleblower Rules? You just ran a layoff. The company used the same severance template it has used for years. Everyone signed. Everyone got paid. You moved on. Now ask the harder question: Did that template contain language that could create an SEC problem? If your severance agreement

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Net Asset Value (NAV) Loan

Can My Fund Take Out a Net Asset Value (NAV) Loan Without LP Consent? 

Can My Fund Take Out a Net Asset Value (NAV) Loan Without LP Consent?  The distributions just hit. Returns look strong. Investors are finally seeing cash come back.  But where did that cash actually come from?  If the fund borrowed against its portfolio to make the distribution, rather than selling an investment, investors should know that before treating the

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Do I Need a MiCA License to Sell Crypto to EU Customers? 

Do I Need a MiCA License to Sell Crypto to EU Customers?  You are not based in Europe. So MiCA is not your problem, right?  Wrong. The grace period just ended.  The EU’s Markets in Crypto-Assets Regulation transition period closed July 1, 2026. Enforcement is no longer theoretical.  On August 17, 2026, Austria’s regulator fined Bitpanda, a fully licensed exchange, 70,000 euros. The

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Data Broker

Is My Startup a Data Broker Under California Law? 

Is My Startup a Data Broker Under California Law?  “We don’t sell data, so this doesn’t apply to us.” That sentence just got a lot more expensive to be wrong about.  On August 11, 2026, California’s Privacy Protection Agency (CalPrivacy) fined Iowa-based LocateSmarter LLC $116,490. It was the first enforcement action ever to combine CCPA and Delete

Is My Startup a Data Broker Under California Law?  Read More »

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