Guest Commentary: “Facebook,” observes Seattle lawyer Venkat Balasubramani, writing about that company’s proposed settlement with the FTC, “is like the stereotypical person in an abusive relationship. It doles out the punishment and people keep coming on hearing a promise that it will make things right.” Venkat wonders to what extent the proposed settlement whitewashes past… Read More…
Editor’s Note: Seattle lawyer William Carleton spent several days last week in New York’s Zuccotti Park, the nerve center of the Occupy Wall Street movement. He had two goals — better understanding how Occupy Wall Street works, and not getting arrested. He accomplished both. Continue reading for his report from the scene. I flew in… Read More…
The law is starting to catch up to an undeniable reality of modern technology — recognizing that smartphones are not just devices unto themselves but rather portals to a much larger world. Reacting to a decision of the state’s Supreme Court, the California legislature passed a bill that will require police to get a warrant… Read More…
In his speech before Congress Thursday night, President Obama said, “Today you [the Congress] passed reform that will speed up the outdated patent process, so that entrepreneurs can turn a new idea into a new business as quickly as possible.” Sounds good, but is the patent reform bill really all that? Certainly the bill is… Read More…
Startup investors Brad Feld and Jason Mendelson have an interesting take on the standardization of legal documents used in angel and venture financing. It’s found in the early chapters of their new book, “Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist.” Their perspective is that the much-wished-for, much-sought-after standardization of startup financing documents… Read More…
Dropbox updated its terms of service last week and a firestorm of controversy ensued. Many thought Dropbox was setting itself up to take license rights in user content that went beyond what a storage service should need — as though Dropbox might be planning to monetize user content in some fashion. Dropbox responded by changing its… Read More…
Guest Commentary: Since last night I’ve been trying the new Google+ social networking service on both an Android phone and an iPhone. Two very different experiences! But the service looks good on both and I think Google+ overall (it’s a desktop web experience, too) may rollout better than some expect. First I want to thank… Read More…
Guest Commentary: Blogging Tuesday about the already famous White House photo of the Situation Room during the bin Laden operation, Jeffrey Goldberg of the Atlantic writes: “[T]he President seems so small and peripheral to the action. He is hunched down, seated on the margins of the meeting, seemingly trying not to take up space. It… Read More…
Guest Commentary: Breathtaking, front-page news in the Wall Street Journal this morning. Securities and Exchange Commission chief Mary Schapiro has sent Representative Darrell Issa a letter stating that the SEC is looking for “ways to reduce the regulatory burdens on small business capital formation.” The Journal article suggests that rule changes could include raising the… Read More…
Fred Wilson issued a challenge this morning to startup lawyers: can we close a startup’s seed financing round for legal fees of $5,000 or less? Yes, it can be done, though I myself fail more often than succeed! Brad Feld has brought this topic up, too, though I think his last position was that lawyers… Read More…
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