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William Carleton
Seattle
Lawyer, blogger, co-creator of the Startup Trivia app.
Recent Activity
Dear Readers: This is a post I co-wrote with Joe Wallin, who has published the almost identical post here. If you are investing in early stage companies, there are certain deal terms you want. Most you probably know already: if... Continue reading
Posted Mar 16, 2016 at William Carleton, Counselor @ Law
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The picture here was taken by Joe Wallin, who was on a panel with me, Gary Kocher of K&L Gates, Tom Alberg of Madrona Ventures, and Dan Rosen of the Alliance of Angels, talking to the Angel Capital Association's NW... Continue reading
Posted Mar 11, 2016 at William Carleton, Counselor @ Law
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"On a relative basis, issuances claiming the new Rule 506(c) exemption have accounted for only 2.1% of the reported capital raised pursuant to Rule 506 since becoming effective in September 2014." So reads a key finding of a report, Capital... Continue reading
Posted Mar 3, 2016 at William Carleton, Counselor @ Law
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An interesting campaign launched this week. The key argument is that 90 day post-termination exercise requirements - typical for stock options granted by startups - are not fair to rank-and-file employees. The case is well made by Harjeet, in what... Continue reading
Posted Mar 1, 2016 at William Carleton, Counselor @ Law
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Richard Posner's "Reflections on Judging" is not a new book. It was published in 2013, and it appears to adapt prior articles and other writings of Judge Posner on the same themes. But I only just read the book over... Continue reading
Posted Feb 21, 2016 at William Carleton, Counselor @ Law
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$25,000 is a common minimum investment in startup financings, at least for those conducted offline (not through an accredited crowdfunding platform). I wonder if that will change, if new SEC staff recommendations for the accredited investor definition are adopted. The... Continue reading
Posted Dec 19, 2015 at William Carleton, Counselor @ Law
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Those of you that enjoy beer or securities laws (or both), may have recently seen news articles from various Puget Sound media outlets amorphously mentioning “crowdfunding” when reporting on the development and grand opening of the new McMenamins Anderson School... Continue reading
Posted Dec 18, 2015 at William Carleton, Counselor @ Law
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Note from Bill: Before returning to private practice, my colleague, Jordan Rood, worked as a state securities regulator. What's more, Jordan was directly involved in the implementation of the crowdfunding law my friend Joe Wallin was so instrumental in driving... Continue reading
Posted Dec 2, 2015 at William Carleton, Counselor @ Law
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The following is adapted from remarks prepared for the Angel Capital Association's 2015 Angel Insights Exchange, held in New Orleans the week of November 9. I am the volunteer chair of an advisory council to the ACA, but the views... Continue reading
Posted Nov 19, 2015 at William Carleton, Counselor @ Law
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Wet and temperate in Seattle this morning. And look, Spring! Continue reading
Posted Feb 20, 2015 at William Carleton, Counselor @ Law
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Interesting stuff going on at, let's call it 10th and Seneca, about a half block east of Broadway off Madison. Lark has recently moved there, and, based on one dinner experience at the new location, is as good or better... Continue reading
Posted Feb 9, 2015 at William Carleton, Counselor @ Law
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This weekend I've read Paul Muldoon's newly published collection of poems, "One Thousand Things Worth Knowing." (The dust jacket sports a very pleasing design by the ubiquitous Quemadura, a brilliant designer and a kind man I will never forget for... Continue reading
Posted Jan 25, 2015 at William Carleton, Counselor @ Law
I've just listened to an archived recording of an excellent webinar presented by the Angel Capital Association last week (I had intended to listen in real time, but got pulled away): ACA Webinar on Accredited Investor Definition and Established Angel... Continue reading
Posted Nov 16, 2014 at William Carleton, Counselor @ Law
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Sestinas are all about copyright! Continue reading
Posted Nov 4, 2014 at William Carleton, Counselor @ Law
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Thanks to a London nephew, I'm reading Six Poets: Hardy to Larkin, an anthology of poems by Hardy, Housman, Betjeman, Auden, MacNeice and Larkin, chosen by the English playwright Alan Bennett, with commentary by Bennett between each presented verse. The... Continue reading
Posted Oct 26, 2014 at William Carleton, Counselor @ Law
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A brilliant, young sculptor has just arrived in Seattle. Her name is Francesca Lohmann. I saw these pieces at the Vignette gallery this evening on Yale Avenue in Capitol Hill. What a talent. The small-scale "sandbags" (I'll call them that;... Continue reading
Posted Oct 22, 2014 at William Carleton, Counselor @ Law
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By now, you've probably heard that the SEC is considering making changes to the accredited investor definition. The definition is important to entrepreneurs, angel investors, and the startups they work on together, because it defines the standards for who is,... Continue reading
Posted Oct 16, 2014 at William Carleton, Counselor @ Law
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Friends, I want to thank you for all the support you've given this blog over the past three or four years. It's been a good run. Two or three years ago, I started blogging every day, and that was the... Continue reading
Posted Jun 25, 2014 at William Carleton, Counselor @ Law
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Here is Exhibit A for the proposition that the world is not, in fact, totally and completely fucked up: sculpture being readied, as we speak, at Jefferson Park in Seattle. What's more, this public art is to be "skateable." I... Continue reading
Posted Jun 18, 2014 at William Carleton, Counselor @ Law
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Time again to safeguard the current accredited investor standard. Continue reading
Posted May 20, 2014 at William Carleton, Counselor @ Law
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Just got David Rose's new book in the mail, on angel investing. Definitely looks like it's worth checking out. Those of us who hang out a fair bit on blogs and online will be familiar with many of David's precepts,... Continue reading
Posted May 9, 2014 at William Carleton, Counselor @ Law
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It is an absolutely glorious, summerlike morning in Seattle. I'm walking to work, listening to a webcast of a hearing of the House Financial Services Committee, which is considering draft legislation to fix things not working with the JOBS Act... Continue reading
Posted May 1, 2014 at William Carleton, Counselor @ Law
My friend Joe Wallin had an idea earlier today, which was, “how can Congress pass a single, simple law, to tell federal agencies to back off the rulemaking?” His idea is borne of the frustration we all feel when Congress... Continue reading
Posted Apr 14, 2014 at William Carleton, Counselor @ Law
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I love this service. A lot of people in Seattle are talking about the politics of ride sharing services. But Car2Go is more like a self-service. Or the loan of hardware, I guess you could say. Because you find a... Continue reading
Posted Apr 9, 2014 at William Carleton, Counselor @ Law
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The essential problem with Title III of the JOBS Act is that it doesn't pick sides. Continue reading
Posted Apr 2, 2014 at William Carleton, Counselor @ Law