Locke Lord is a proud sponsor and Kathleen Swan and Ben Sykes will attend the OnRamp Insurance Conference on April 11 at the Target Center in Minneapolis-St. Paul. OnRamp is one of the leading conferences for insurance innovation. If you are planning to attend, please stop by Kiosk #21 or contact one of our attendees to set up a meeting. For more information, click here.
InsurTech
8 Things to Consider When Buying or Selling an Insurance Agency
By Zachary Lerner & Troutman Pepper Locke on
Posted in InsurTech, United States
New York Partner Zachary Lerner authored an Insurance Journal article on unique challenges to consider when buying or selling an insurance agency.…
InsurTech Weekly Roundup – March 29, 2019
By Benjamin Sykes & Troutman Pepper Locke on
While you were off changing the industry, you may have missed these important developments…
What Every InsurTech Should Know About Accountants
By Kathleen Swan & Troutman Pepper Locke on
You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.…
InsurTech Weekly Roundup – March 22, 2019
By Benjamin Sykes & Troutman Pepper Locke on
While you were off changing the industry, you may have missed these important developments…
What Every InsurTech Entrepreneur Should Anticipate in Issuing Series A Preferred Stock
By Kathleen Swan & Troutman Pepper Locke on
Posted in InsurTech, United States
You are executing on your strategic plan; you have a fully developed product; you have expanded your team; you have deployed ALL the proceeds from your initial Convertible Notes; and you need additional capital to further scale the Entity.…
InsurTech Weekly Roundup – March 15, 2019
By Benjamin Sykes & Troutman Pepper Locke on
Posted in InsurTech, United States
While you were off changing the industry, you may have missed these important developments…
What Every InsurTech Entrepreneur Should Know About Convertible Promissory Notes and SAFE Agreements
By Kathleen Swan on
Posted in InsurTech, United States
You have a strategic plan; You have an MVP; You have a Team; and You have an Investor!
Both you and the Investor believe in the potential of the Entity. What the exact “potential” is, however, still a matter under discussion.
You hope that the Entity will grow quickly and you will need to sell less equity for the cash you need to scale; the Investor wants to maximize its return – including being well compensated for investing early on and providing essential early-stage funding and support.
However, the truth is that you need money NOW!
What to do?…
Locke Lord to Co-Sponsor Term Sheet Workshop
By Troutman Pepper Locke on
Posted in InsurTech, United States
The Firm will co-sponsor “Take It or Leave It: Live Term Sheet Negotiation from Both Sides of the Table” with the Hartford InsurTech Hub at the Spotlight Theater in Hartford, CT on March 28th.…
Top Ten Legal Issues Every InsurTech Entrepreneur Should Understand
By Kathleen Swan & Troutman Pepper Locke on
Posted in InsurTech, United States
You have a strategic plan, an MVP (minimum viable product), a management team, a place to work, and your first investor. But before you take that investment, there are some key legal issues you may want to consider before formally launching your InsurTech company.…