![Liquidation preferences, other types of structure in VC deals remain persistent in 2024](https://images.ctfassets.net/y88td1zx1ufe/78qIuRWLIaWbFABP0CFlV6/e02a3b0952df61dceb09813b681438d9/High_liquidation_preferences_appeared_in_8-_of_deals_in_Q1.png)
Data & Research
June 2024
Liquidation preferences, other types of structure in VC deals remain persistent in 2024
These days, investors have more leverage than startups in deal negotiations. How are they choosing to use it?
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![Employment related securities: How to file an ERS return with HMRC](https://images.ctfassets.net/y88td1zx1ufe/7xw0SbHO5zMgQCysVbLlG6/eeb4b6afe440ef6292ef1b8ea85faf12/Employment_related_securities_-_How_to_file_an_ERS_return_with_HMRC.png)
Compliance
June 2024
Employment related securities: How to file an ERS return with HMRC
UK companies must file an ERS return with HMRC by 6 July to report share-related events from the previous tax year....
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![Artificial intelligence policy—the US v. EU](https://images.ctfassets.net/y88td1zx1ufe/6jTVHI8DgLf3rzZ7xMsB3A/c0399ade710b5cb9fbbdd278eeff1fc8/Issue_brief__Geo_of_VC.jpg)
Policy Newsletter
May 2024
Artificial intelligence policy—the US v. EU
Venue shopping for rule challenges continues in conservative courts.
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![How Expanso closed big seed round in 'crazy' fundraising conditions](https://images.ctfassets.net/y88td1zx1ufe/7yxyLNLYeUW9MWAMOOmOy7/f213be7d84362dbb3bf13f9268f17ce9/David_Aronchick__1_.png)
Fundraising Files
May 2024
How Expanso closed big seed round in 'crazy' fundraising conditions
Former Google and Microsoft alum David Aronchick methodically prepared his open-source Bacalhau spinout, then moved...
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![California dominated the VC map in Q1](https://images.ctfassets.net/y88td1zx1ufe/7dyKnimXJALVDOmk6bgymT/c0c9b7f39d484205c2b6b00fb322f8ae/California_startups_raised_nearly_60-_of_all_capital_in_Q1.png)
Data & Research
May 2024
California dominated the VC map in Q1
The geographic diversification of VC has been a developing trend in recent years. Q1 2024 showed a possible reversal....
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![R&D expensing: Issue brief](https://images.ctfassets.net/y88td1zx1ufe/6nxJ50TQDkr5kqeXSZWIXC/794871f83880464df785e982fd32aac6/R_D_issue_brief.png)
Issue Briefs
May 2024
R&D expensing: Issue brief
Restoring R&D tax treatment to the historical standard will stimulate job growth and small business entrepreneurship....
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![Waterfall analysis](https://images.ctfassets.net/y88td1zx1ufe/3kvbhDUrnE3HGwCESxxsKe/686d8ccc0100a5d88aedaebc45f2783f/Waterfall_Analysis.png)
Founder Education
May 2024
Waterfall analysis
Learn how to model exit scenarios using waterfall analysis. Waterfalls help investors predict how shareholders would be...
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![Crypto framework passes House with strong bipartisan backing](https://images.ctfassets.net/y88td1zx1ufe/6jTVHI8DgLf3rzZ7xMsB3A/c0399ade710b5cb9fbbdd278eeff1fc8/Issue_brief__Geo_of_VC.jpg)
Policy Newsletter
May 2024
Crypto framework passes House with strong bipartisan backing
FTC and DOJ launch inquiry into PE acquisitions and roll-ups.
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![Lack of exits, lower VC valuations are driving a late-stage lull](https://images.ctfassets.net/y88td1zx1ufe/FiaFzu1VXiJI8eQNYgBIy/6cdb59efdf3d881ff024c20be917e92b/Late-stage_remained_sluggish_in_Q1.png)
Data & Research
May 2024
Lack of exits, lower VC valuations are driving a late-stage lull
At Series D and later, VC deal activity slowed down in Q1 2024. There are reasons for the decline on both sides of the...
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![TVPI (Total Value to Paid-In)](https://images.ctfassets.net/y88td1zx1ufe/1r9Ndx4O3yGTtag4pk2weY/b223b8c3bc1a4ed752c57ac3b58ce53a/Total_value_to_paid_in.png)
Investors
May 2024
TVPI (Total Value to Paid-In)
Learn how to calculate net and gross TVPI (total value to paid-in), key metrics investors and fund managers use to...
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![Senate working group outlines priorities on AI regulation](https://images.ctfassets.net/y88td1zx1ufe/6jTVHI8DgLf3rzZ7xMsB3A/c0399ade710b5cb9fbbdd278eeff1fc8/Issue_brief__Geo_of_VC.jpg)
Policy Newsletter
May 2024
Senate working group outlines priorities on AI regulation
SCOTUS rules CFPB is legally funded.
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![Multi-member LLCs (MMLLC)](https://images.ctfassets.net/y88td1zx1ufe/3gxNTu6GnYQc3UKuvL2byI/cac46d5e759cdea4729851ba96d66276/what_is_a_multi_member_llc__-_3.png)
Limited Liability Companies
May 2024
Multi-member LLCs (MMLLC)
Learn the basics of multi-member LLCs, including the different types, how MMLLCs compare to other business structures,...
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