Emerging Business & Venture Capital

COpilot provides the resources to establish your growing business. Members of our emerging company team discuss the issues that entrepreneurs face and how to work through these challenges including connecting you to the investors, guidance and information you need. From choosing an entity to protecting your company’s intellectual property, we have you covered. Visit COpilot.

Cozen O’Connor’s nationally known Emerging Business & Venture Capital team has been deeply involved with this dynamic field for decades. We don’t dabble in the venture space — we live in it.

The firm counsels startup, early-stage, growth, and late-stage venture-backed companies through every stage of the corporate lifecycle, from formation and financing to maturation and exit. Complementing our company-side practice, the firm also represents venture capital funds, private equity funds, family offices, corporate venture capital funds, angels, and other high net worth investors.

WHAT WE DO

Founding and Groundwork

  • Pre-formation consideration, entity selection, and formation
  • Founder shares, equity division, and vesting
  • Ownership structure and cap table management
  • Equity compensation and options (e.g., ISOs, NQSOs, profit interests, RSUs)
  • Employee hiring and retention
  • Proof-of-concept (POC), pilot, and full-service customer contract negotiations
  • Joint ventures, strategic alliances, and outsourcing

Financing and Exit

  • Friends and family, angel, pre-seed, seed, and series preferred financings
  • Convertible notes, SAFEs, priced series seed/preferred rounds, bridge loans, and recapitalizations
  • Venture debt
  • Crowdfunding
  • Accelerator, incubator, and venture studio deals
  • M&A, divestitures, spin-offs, and other forms of venture-backed company exits

Strategic Value

  • Introductions to an extensive network of venture capital funds, private equity funds, family offices, corporate venture capital funds, angels, and other high net worth investors
  • Business model design
  • Market positioning
  • Pitchdeck development and pitch coaching

WHY OUR FIRM

  • Venture-backed enterprises move at breakneck pace; Cozen O’Connor provides timely, pragmatic, business-savvy advice that keeps clients moving forward.  
  • We bring deep experience in key industry verticals: health and medical tech, digital health, telemedicine, cannabis, ed tech, insurtech, proptech, fintech/finserv, adtech, fashiontech, blockchain, NFTs, metaverse, drones, robotics and AI, data storage and cloud computing, digital entertainment, social networking, tech-adjacent consumer products, and others.
  • Cozen O’Connor’s COpilot program offers sophisticated information and resources to nascent startups as well as deferral opportunities for qualifying enterprises.
  • Our lead attorneys are investors, entrepreneurs, and startup veterans themselves, so they know first-hand what it takes to build successful venture-backed companies.
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Experience

Publications

How Rebooted Paycheck Protection Program Works: Part 2

January 22, 2021

Steve Dickinson, Robert Magovern, and James Van Orden discuss key provisions to the Consolidated Appropriations Act, which revived the original Paycheck Protection Program (PPP), with some modifications, in part two of a two-part article in Law360.

How Rebooted Paycheck Protection Program Works: Part 1

January 21, 2021

Steve Dickinson, Robert Magovern, and James Van Orden discuss the omnibus budget act that reinstituted the Paycheck Protection Program (PPP) in part one of a two part article in Law360.

SEC Proposed Exemption Offers Regulatory Clarity For Unregistered Finders [Alert]

October 13, 2020

Seth Popick, Lindsey Stillwell, and Joe Dever discuss the SEC's proposed exemption to allow unregistered natural persons, referred to as finders, to engage in certain limited activities to assist issuers in raising capital from accredited investors.

SEC Issues Guidance on Initial Coin Offerings [Securities Alert]

July 28, 2017

The report stems from an SEC inquiry of a “virtual” organization known as “The DAO” and looked into whether The DAO and associated entities and individuals violated federal securities laws with unregistered offers and sales of DAO Tokens in exchange for ether.

In The News

Cozen O’Connor Recognized as a “Best Law Firm” in 31 Practice Areas Nationwide, 54 Practice Areas Regionally

November 07, 2024

In 2024, Best Lawyers received more than 100,000 client references and observed a 65% increase in client participation in their survey.

Cozen O'Connor's Corporate Practice Selected as a 2024 Best Corporate Practice of the Year Finalist by The American Lawyer

September 05, 2024

Cozen O’Connor is pleased to announce that the firm’s Corporate Practice has been selected by The American Lawyer as a 2024 Best Corporate Practice of the Year finalist for 2024.

Best Lawyers Honors More Than 200 Cozen O'Connor Attorneys in its Best Lawyers in America 2025 Edition

August 15, 2024

Best Lawyers selected 242 Cozen O’Connor lawyers from 24 of the firm’s U.S. offices for inclusion in the 2025 edition of The Best Lawyers in America and Best Lawyers: Ones to Watch in America.

Jeremy Garvey Selected as the Recipient of the PVCA's Impact Award

April 17, 2024

Cozen O’Connor is pleased to announce that Jeremy Garvey has been selected as the 2024 recipient of the Pittsburgh Venture Capital Association’s (PVCA) Impact Award.

Best Lawyers Honors More Than 200 Cozen O'Connor Attorneys to its Best Lawyers in America 2024 Edition

August 17, 2023

Best Lawyers selected 232 Cozen O’Connor lawyers from 24 of the firm’s U.S. offices for inclusion in the 2024 edition of The Best Lawyers in America.

Cozen O’Connor Recognized as a “Best Law Firm” in 30 Practice Areas Nationwide, 115 Practice Areas Regionally

November 30, 2022

U.S. News & World Report and Best Lawyers recognized Cozen O’Connor as a “Best Law Firm” in 30 practice areas nationwide and 115 practice areas regionally.

More Than 200 Cozen O’Connor Attorneys Named Best Lawyers and Ones to Watch

August 22, 2022

210 Cozen O’Connor lawyers from 24 of the firm’s nationwide offices for inclusion in the 2023 edition of The Best Lawyers in America.

Cozen O’Connor Recognized as a “Best Law Firm” in 29 Practice Areas Nationwide, 121 Practice Areas Regionally

November 04, 2021

U.S. News & World Report and Best Lawyers recognized Cozen O’Connor as a “Best Law Firm” in 29 practice areas nationwide and 121 practice areas regionally.

More Than 205 Cozen O’Connor Attorneys Named Best Lawyers and Ones to Watch By The Best Lawyers In America

August 19, 2021

Best Lawyers selected 210 Cozen O’Connor lawyers from 23 of the firm’s nationwide offices for inclusion in the 2022 edition of The Best Lawyers in America.

Cozen O’Connor Commits $150,000 in Services to Minority and Traditionally Underrepresented Entrepreneurs in Philadelphia

June 12, 2020

Led by Michael Crossey and Christopher McDemus, co-chairs of Cozen O’Connor’s Emerging Business & Venture Capital Practice, the initiative is part of the firm’s COpilot program.

Cozen O’Connor Boosts its Technology, Privacy, Data Security and Emerging Growth Practices by Adding Nine Attorneys from Philadelphia Law Boutique Baer Crossey McDemus LLC

May 04, 2020

Andrew Baer, Michael Crossey, and Christopher McDemus will stretch the firm’s reach within the global technology, and emerging growth business communities.

SBA’s New Loans: VC- and PE-backed Companies Grapple with the Fine Print

April 07, 2020

Steve Dickinson comments on the potential impact of the CARES Act on smaller beauty, personal care, and wellness companies that are backed by private equity and venture capital investors.

Contacts

Michael Crossey

Co-Chair, Emerging Business & Venture Capital

mcrossey@cozen.com

(215) 665-2195

Christopher McDemus

Co-Chair, Emerging Business & Venture Capital

cmcdemus@cozen.com

(215) 665-2156

People

Awards

Cozen O’Connor Recognized as a “Best Law Firm” in 31 Practice Areas Nationwide, 54 Practice Areas Regionally

November 07, 2024

In 2024, Best Lawyers received more than 100,000 client references and observed a 65% increase in client participation in their survey.

Cozen O'Connor's Corporate Practice Selected as a 2024 Best Corporate Practice of the Year Finalist by The American Lawyer

September 05, 2024

Cozen O’Connor is pleased to announce that the firm’s Corporate Practice has been selected by The American Lawyer as a 2024 Best Corporate Practice of the Year finalist for 2024.

Best Lawyers Honors More Than 200 Cozen O'Connor Attorneys to its Best Lawyers in America 2024 Edition

August 17, 2023

Best Lawyers selected 232 Cozen O’Connor lawyers from 24 of the firm’s U.S. offices for inclusion in the 2024 edition of The Best Lawyers in America.

Cozen O’Connor Recognized as a “Best Law Firm” in 30 Practice Areas Nationwide, 115 Practice Areas Regionally

November 30, 2022

U.S. News & World Report and Best Lawyers recognized Cozen O’Connor as a “Best Law Firm” in 30 practice areas nationwide and 115 practice areas regionally.

Cozen O’Connor Recognized as a “Best Law Firm” in 29 Practice Areas Nationwide, 121 Practice Areas Regionally

November 04, 2021

U.S. News & World Report and Best Lawyers recognized Cozen O’Connor as a “Best Law Firm” in 29 practice areas nationwide and 121 practice areas regionally.

More Than 205 Cozen O’Connor Attorneys Named Best Lawyers and Ones to Watch By The Best Lawyers In America

August 19, 2021

Best Lawyers selected 210 Cozen O’Connor lawyers from 23 of the firm’s nationwide offices for inclusion in the 2022 edition of The Best Lawyers in America.

Cozen O’Connor Recognized As a Best Law Firm in 24 Practice Areas Nationwide, 106 Practice Areas Regionally

November 05, 2019

The U.S. News – Best Lawyers “Best Law Firms” rankings are based on a rigorous evaluation process that includes the collection of client and lawyer evaluations and peer review from leading attorneys in their field.

125 Cozen O’Connor Attorneys Named to the Best Lawyers in America

August 22, 2018

One hundred twenty-five Cozen O’Connor lawyers from 20 of the firm’s national offices have been selected for inclusion in the 2018 edition of The Best Lawyers in America.

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