Venture Capital Investing: New NVCA Models, and New Challenges for Foreign Investors in Early-Stage U.S. Companies

Between July 28, 2020 and September 1, 2020, the National Venture Capital Association (the “NVCA”) released updates to its model legal documents for use in venture capital financing transactions.

This memorandum will explain the changes to these model forms and some of the reasons for, and implications of, such changes.