These are the writings of Joe Bartlett, a 40-year veteran of Venture Capital, lawyer, and publisher of extensive writings on Private Equity and Corporate Finance issues.
Joseph W. Bartlett is special counsel in the Corporate, Securities and Financial Institutions practice at McCarter & English LLP. A recognized pioneer of the national private equity and venture capital bar, Mr. Bartlett contributed to the original models for private equity and fund of fund partnerships. His experience extends to alternative investments, venture capital, emerging companies, corporate restructurings, private equity and buyouts. Mr. Bartlett’s practice includes serving as counsel to asset managers, including those of major public and private equity funds, with a focus on technology companies, and he has also served as trustee of a series of public mutual funds and chair of a public REIT. His venture fund work began with the first Greylock fund, and he has drafted documents for several of the largest and most successful LBO funds.
Mr. Bartlett has served as President of the Boston Bar Association and as General Counsel and Undersecretary of the U.S. Department of Commerce. He has authored numerous treatises, including Leveraged Buyouts, Compensation Structures for Venture Backed Companies, Equity Finance, Fundamentals of Venture Capital and Venture Capital: Law, Business Strategies and Investment Planning. He is also founder and chairman of VC Experts, for which he is an active contributing editor. Mr. Bartlett is a frequent speaker on industry issues and lectures as a faculty member at Cornell’s Johnson School of Business.
Joseph Bartlett quoted in the PandoDaily article “General Solicitation Starts Monday. Demo Day Organizers, Startups, and Other General Solicitors Get Ready”
The JOBS Act finally goes into effect, and startups as well as venture capital and private equity funds can advertise their fundraising efforts to the world. However, they still can’t sell stock to the world. The onus is on the companies to prove that their investors are “sophisticated.” They are simply allowed to talk publicly about it now. According to Joseph Bartlett, special counsel in the corporate practice group at McCarter & English, the SEC enforcement division has allowed general solicitation to happen at demo days by inaction: “It has not gone out and gone after the issuers of these events for violating Reg D.”