Connecticut Technology Council

The Patent Eligibility Battle...

Over the last few years, the United States Supreme Court has changed the landscape of patent eligibility with its decisions in Mayo Collaborative Servs v Prometheus Labs, Inc. 132 S. Ct. 1289 (2012) and Alice Corp Pty Ltd v CLS Bank Int’l, 134 S. Ct. 2347 (2014). While patent eligibility was not a primary focus in the life sciences area, the Supreme Court decisions and their progeny...

What Type of Security Should Y...

Evan S. Kipperman, Adam Silverman, Lena S. Bae You're an entrepreneur looking to fund a new company. How should you finance your venture? In this article, we review the most common types of securities used in financing emerging companies, and highlight key issues worth considering for each. Equity One common option for funding a new venture is to issue equity. In other words, a founder can sell shares...

CARLSON TO STEP DOWN AS CONNEC...

Hartford, Conn. (October 11, 2018) - The Connecticut Technology Council (CTC) Board of Directors today announced that Bruce Carlson, the President and CEO, will step down from his position at the end of the year. “We appreciate all that Bruce has done for CTC over the five years of his leadership and wish him well as he sets his new course,” said Severine Zygmont, CTC Board Chair. “He...

Blinded by the Price

In the sale of a business, the difference between headline purchase price and net payment to the equityholders can be significant. Seller may have negotiated an attractive multiple to determine enterprise value, but there is often more to calculating the net payment than applying ownership percentages to that enterprise value. The deal may call for a rollover equity stake, or perhaps an earn-out or other...