As Investment Firms Continue to Be Targeted by Email Intruders, Authorities Release Tips to Prevent Intrusions and Mitigate Harm

Guest post by Kristen J. Mathews and Tiffany Quach – Morrison & Foerster LLP

Investment firms, such as private equity firms, venture capital firms and hedge funds, are an attractive target for cyber criminals because they regularly send and receive wire transfers of funds for investments. As a result, they are increasingly being targeted by “business email compromises,” that is, legitimate-seeming phishing emails that are used to gain access to usernames and passwords for the email accounts of firm employees. Once a criminal logs into  an email account using the stolen credentials, the intruder searches for emails about wire transfers, sets up rules for auto-forwarding and auto-deleting emails that meet certain criteria, and leverages delegate and administrator rights to access other email accounts at the same firm for the same nefarious purposes. 

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Recent Trends in Shareholder Activism

Guest post by Richard J. Grossman and Alexander J. Berg of Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

Shareholder activism remains pervasive in the corporate landscape, as many companies continue to face new, and sometimes more sophisticated, activist situations. Recent activism-related trends indicate that the landscape is continually shifting, and companies’ strategies for dealing with activism should therefore also evolve and adapt.

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High Quality Deal Flow: The Secret Sauce of Great Venture Investing

Guest post by Guest post by Paul A. Jones of Michael Best & Friedrich LLP

Quality deal flow – the insiders call it “proprietary deal flow” – is the lifeblood of venture capital investing. You can’t do the best deals if you don’t see them until after someone else does them. Quantity may have its own quality on the battlefield: not so in the venture investing world.

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Highlights from the Currently Stalled Small Business Administration Reauthorization and Improvement Act of 2019

Guest post by Damien Specht and Ali Young of Morrison & Foerster LLP

Last month, Senator Marco Rubio, Chairman of the Senate Committee on Small Business and Entrepreneurship, released the Chairman’s mark to the Small Business Administration (SBA) Reauthorization and Improvement Act of 2019 (the “SBA Reauthorization Act”).  This legislation aims to modernize and streamline SBA programs, and would be the first comprehensive reauthorization of the Small Business Act in nearly twenty years.  Although the legislation appears stalled, it is likely that many of these initiatives will find their way into future policy initiatives. Here are a few potential changes to track in the SBA Reauthorization Act:

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Venture Capitalists and Entrepreneurs: The Same – Only Different

Guest post by Paul A. Jones of Michael Best & Friedrich LLP

Venture Capitalists (VCs) and entrepreneurs are a poster child couple for the notion of the love-hate relationship. Any VCs who have been around the block more than a time or two is certain to have their stories of inept, dishonest, and/or overwrought entrepreneurs. Ditto any entrepreneurs who have spent any serious time courting or managing relationships with VCs. And yet, the VC/Entrepreneur nexus is the greatest innovation engine the world has ever seen. Go figure.

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