On
Friday, May 6th,
Slingshot SEO announced in a
meeting with Governor Mitch Daniels and Indianapolis Mayor Greg
Ballard that the company will create up to 114 new jobs by 2013.
As one of Alerding Castor Hewitt's most beloved clients, we
could not be more thrilled to see how far the search engine
optimization firm has come since its 2006 founding.
In just three short years, Slingshot has seen a dramatic increase
in employees from 9 to its current 65, and the compan
y
plans to invest upwards of...
Read More »
The Alerding Castor Hewitt faithful braved the chill and the rain
of Saturday, April 16th to participate in the 2011
Susan G. Komen
Race for the Cure. We're proud to announce that the team
surpassed its goal of raising $1000 to assist the Komen
Foundation's mission to end breast cancer forever and had a
fantastic time walking in downtown Indianapolis.
We'd like to send a big 'Thanks!' to those who donated to the
team's efforts and share a special 'Way to go!' with the team
members, along with...
Read More »
All securities offerings fall into one of three classes:
1. Registered,
2. Exempt, or
3. Illegal.Private offerings of securities are just that – “private”.
The key for any private offering is that the offerer may only
solicit investors through private methods. There are all
sorts of rules around what constitutes private solicitations and to
whom the solicitations can be made, but in general "private" means
that which is not public. If a business attempting a private
offering makes a...
Read More »
Very
interesting article from CNet regarding the proposal to be made by
Senator Dick Durbin (D-Ill). The article can be found
here. Basic point of the article is
that Senator Durbin wants to add sales taxes to on-line sellers
like Amazon and iTunes (although I would note that I think
iTunes already has a tax component) for all purchases. The
idea being that brick and mortar stores in a given state shouldn't
have to foot the bill for these new-fangled on-line
superstores. They should have to...
Read More »
The end is finally nigh for the ongoing litigation roller coaster
that is the Facebook/Mark Zuckerberg v. Cameron and Tyler
Winklevoss saga. This has always been an interesting piece of
software litigation based upon (a) the personalities involved and
(b) the scale. It is safe to say that when you are one of the
fastest growing companies in the country, you are going to face
litigation. In fact, that's why you call me. And it is
equally logical that when you are creating a website or working...
Read More »
As promised, here are a few photos from Alerding Castor
Hewitt LLP and KSM's 3/3/11 launch party for Indiana technology
company Gauge Telematics.
It was a fantastic evening for all involved, and we're
very excited to share some moments of it with
you.
Photo credit -
Kayla Marie
Photography. Enjoy!
Mike's speech
Dave's words of welcome
Adrian demoing MileMarker
Dan demoing Fleet Telematics
Mike making the rounds
The event space
It isn't often that business law firms have the opportunity to
really celebrate the success of clients. Typically, the day
to day is more about filing regulations with the SEC, setting up
corporations and the like with the IRS, and drafting contracts,
agreements and subscriptions.
Always out to break the law firm mold, Alerding Castor Hewitt,
along with KSM Consulting, had the privilege of hosting a launch
party for our client,
Gauge Telematics, last
week to both honor their success to date and...
Read More »
Last night I lectured on this topic to my entrepreneurial capstone
class at Purdue. It is possibly the most basic question for
any startup looking to raise capital, but it is often not
approached correctly. In my experience most entrepreneurs
take a wild guess at their number.
The correct approach is to look at your cash flow projections and
determine it from there. For a new startup the goal is to get
to breakeven and beyond. For later stage companies the
projections may address strategic...
Read More »
Agreement titles are funny things. In their best use they
quickly describe the general subject matter of the contract.
For most situations a simple title is helpful. E.g.,
"Services Agreement" helps differentiate between a contract for
services and one for goods. That is helpful. Many
contract titles are more descriptive (e.g., "License Agreement",
"SaaS Agreement" or "Software Service Level Agreement" to describe
the technology nature of the agreement).
Where a client is using form...
Read More »
I've had several conversations with concerned
entrepreneurs over the last year about changes in the accredited
investor standards under the Dodd-Frank Act. In January the SEC
proposed amendments based on Dodd-Frank to the accredited
investor standard which subtracts the net equity value of an
investor’s primary residence from that investor’s net worth
determination.
Example: Currently if an investor has $800k net equity before
equity in primary residence and $300k in net equity in the...
Read More »
I know there will be an "official" congratulatory press release in
the near future, but I thought I'd take a moment to congratulate
the Alerding Castor Hewitt partners on being included in the 2011
Indiana Super Lawyers.
Brian Hewitt received the nod as one of the Top 50 Super
Lawyers in the state. This is, of course, a recurring honor
for Brian, who has been a Super Lawyer for the past several
years. Brian's practice focus is on business and probate
litigation and mediation.
The voters...
Read More »
In the words of Schoolhouse Rock, “three” is the magic
number. That is not what I am talking about. Every
business model has some number milestone that must be met to ensure
a basic level of success for the business. This can be number
of customers, revenue, user seats, market share, marketers’
requirements, sales reps, break even...
Good market research can predict this number. Unfortunately,
most business plans either ignore the number or use wild a**
guesses (WAGs) to predict the number....
Read More »
I have said it a million times since learning the lesson myself in
a failed entrepreneurial effort a couple of years ago, the CEO of
any entrepreneurial venture must understand the importance of
managing cash flows and how to use cash flow analysis for the
strategic growth of the company.
Trust me, I am all into the Six Sigma approach of throwing a couple
of innovators together, rolling out a v1 product as quickly as
possible, and slowly scaling the company from hobby phase to a
successful...
Read More »
The first caveat is that I'm sorry I haven't posted anything
recently. Work here at Alerding Castor Hewitt has been going
like gangbusters and yours truly has been up to his distinguished
eyeballs in work. Trust me, however, I'm now dutifully
committing myself to continue providing insight and humor as your
Indiana Internet Litigation guru.
Second caveat is that this post actually has nothing to do with
privacy litigation, software litigation or really any other
technology law issues. ...
Read More »
Indianapolis, IN – Mike Alerding, founding partner of Alerding
Castor Hewitt LLP, is slated to teach Business Law at Harrison
College this spring. The course combines the understanding of
legal theory with the acquaintance of the various forms of
contracts. Students will be taught the essentials of the
legal environment of business, tort law, contracts, commercial
transactions, government relations and property.
“I am teaching because I enjoy the process of observing the
improvement and...
Read More »
Your friendly neighborhood litigation attorney at Alerding Castor
Hewitt, LLP with a final post for the year to all of our business,
Indiana internet litigation, and technology law
clients. Saturday, December
25th will no doubt be a date of celebration in many
homes. As you spend time with your
family, remember how special the day is and all of the changes that
have taken place in the last 20 years.
Some of you might wonder what I mean exactly. I’m not referring to Christmas. And for those...
Read More »
I hope that you all had a thankful and fulfilling turkey day.
Your friendly neighborhood technology legal counsel stuffed
himself horrendously. But, I digress. I know that I owe
you all part 2 of my discussion of the legal landscape of corporate
blogging, and I promise that I will get that posted in the near
future, but two recent opinions in some non-Indiana Internet
litigation piqued my interest and I had to talk about them.
Both rulings involve application of the liability...
Read More »
It has been said a million times already on this blog – a CEO,
especially one which is seeking funds from private equity
investors, needs to understand finance. Often a basic
knowledge of sources and uses and cash flow analysis is enough, but
in many early stage investment rounds, savvy investors expect the
CEO to know the company's internal rate of return (IRR) - and
why it matters.
I meet many entrepreneurs who have served as VPs or middle managers
before embarking on their entrepreneurial...
Read More »
“What are you doing with my money?” No, it’s not your mom or
dad asking or your friend you lost a bet to on a college football
game – it’s your potential investor and they’re asking one of the
most fundamental questions in a capital raise. Why?
Because you forgot to answer it ahead of time! You’re not
alone, though, too often a sources and uses statement is
overlooked. Many entrepreneurs simply rely on the financials,
general statements in the text of the business plan or...
Read More »
Here at Alerding Castor Hewitt, LLP, one thing that we are called
upon to do as business law, SaaS law, and technology counsel for
our clients is collect on a judgment. I
have previously posted on other topics in the collections world,
which you can find here and here. Today’s topic
is in answer to the question we sometimes get: how long is my judgment good for?
A decision today by the Indiana Court of Appeals in the estate case
of In the Matter of the Unsupervised Estate of
Dwight M. Wilson...
Read More »
Powered by Compendium