A Security is a financial instrument that represents an ownership interest, a creditor relationship, or a contractual right to economic value, such as stock, bonds, notes, options, warrants, or certain tokens (depending on facts and law). In fundraising, whether an instrument is a Security determines which securities laws apply, and Security classification drives registration/exemption requirements, transfer restrictions, and disclosure obligations.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
