Sarah Reed

General Counsel

RA Capital

Sarah Reed conceived of and managed the National Venture Capital Association-endorsed initiative to create model venture financing legal documents (see https://nvca.org/resources/model-legal-documents/). For her work in this area, the NVCA awarded Sarah its Outstanding Contribution to the Venture Industry Award.  It was that project which formed the impetus for the Model PIPE Documents.

Sarah has worked in the investment funds industry for over two decades -- first as the General Counsel at Charles River Ventures, an early-stage tech VC firm (https://www.crv.com/); then as Chief Operating Officer and General Counsel of MPM Capital, an early-stage life sciences VC firm (http://www.mpmcapital.com/), and now as General Counsel of RA Capital Management, a multi-stage life sciences investment (hedge and venture) firm investing anywhere from inception to post-IPO (https://www.racap.com/). Sarah is the founder of two peer networking groups, one for general counsels at VC firms nationwide and the other for in-house counsel at life science investment  firms.

Earlier in her career Sarah was a partner at Lowenstein Sandler, General Counsel at Palomar Medical Technologies, Inc. (a Nasdaq-listed laser medical device manufacturer subsequently acquired by another public company), an associate at Foley, Hoag & Eliot LLP and a clerk for the then only female Justice on the Massachusetts Supreme Judicial Court.

Sarah earned her JD from Harvard Law School, class of ’91, where she never met Barack Obama, but did meet and marry classmate Tom Reed, with whom she has three children. Sarah served as the first supervisor of the Harvard Law Entrepreneurship Project (https://clinics.law.harvard.edu/hlep/) and teaches a class at Harvard Law School on Venture Capital Fund Formation.

    Topic

    10:15 AM - 10:45 AM

    Thursday November 14 2024

    Discussion of the NVCA’s New Model Deal Forms for PIPEs

    • Overview of the National Venture Capital Association’s model legal documents designed to reduce transaction time and costs
    • What transactions are the model forms good for? And what are some of the notable provisions?
    • Importance of establishing industry norms to avoid bias, offer various financing options, create consistency in documentation
    • How the NVCA updates its model documents based on changes to corporate law, specific case law, and other factors
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