The European Union’s General Data Protection Regulation (GDPR) Law Is Coming: What You Need to Know

The European Union’s General Data Protection Regulation (GDPR) law, which takes effect on May 25, 2018 – just two months away – imposes a strict set of requirements on how and why companies collect and use the personal data of EU individuals. 

For example, this worldwide requirement enables individuals in the EU to limit and control how international businesses collect, process and use their personal information. It allows them to decide what information they share, and it provides individuals with the “right to be forgotten.”

If you currently have EU customer information and don’t comply with the GDPR requirements, you could face fines of €20 million or 4 percent of your global annual revenue, whichever is higher.

If you have EU clients or customers, chances are it will affect you. Read up on GDPR in Adweek this week.

A Term Sheet is Not a Deal

First the good news. If you get a signed term sheet with a reputable angel or venture investor, there is a very good chance you will get a deal done. Unless, of course, you don’t.

Probably the most common element of every term sheet is the provision that states unequivocally that by signing the term sheet neither party is obligating itself to enter into an investment transaction, whether on the terms reflected in the term sheet or otherwise. Still, if the parties do reach agreement on a term sheet, there usually is a deal made, and usually on terms mostly consistent with the term sheet. That said, herewith a look at the most common reasons a “done term sheet” does not lead to a “done deal.”

Republicans want to let robocallers spam your voicemail

Dinner is set but the phone rings, and when you pick up it isn’t a friend, or someone you know, sometimes it’s not even a person. It’s a robocall.

Robocalls for years have managed to catch people at the most inopportune moments, and the shift from landlines to mobile phones hasn’t seemed to prevent all those fake tax collectors and mortgage vendors from calling in.

The Supreme Court’s Big Ruling on ‘Patent Trolls’ will Rock Businesses Everywhere

Tech companies and app developers everywhere are breathing a sigh of relief after Monday’s major Supreme Court ruling on a topic that’s close to their hearts: patents. More specifically, patent lawsuits — a rising number of which analysts say are bogus and threaten to strangle new start-ups and inventions before they have a chance to succeed.

Cyber Violation

This isn’t my usual biotech beat, but compromising my computer can certainly affect the beat and I don’t like that. Over the last week, a nasty ransom-ware program infiltrated hundreds of thousands computer in 150 countries. It affected 20% of hospitals in the UK and much more.

I don’t understand these misfits who do this; their effects can range from severe inconvenience to mass casualties. I know of a few professors who had their life’s academic work lost due to ransomware. And what about the patients in the UK hospitals whose telemetry suddenly stopped working while they were in intensive care?

Who Controls the Blockchain?

Blockchain networks tend to support principles, like open access and permissionless use, that should be familiar to proponents of the early internet. To protect this vision from political pressure and regulatory interference, blockchain networks rely on a decentralized infrastructure that can’t be controlled by any one person or group. Unlike political regulation, blockchain governance is not emergent from the community. Rather, it is ex ante, encoded in the protocols and processes as an integral part of the original network architecture. To be a part of a community supporting a blockchain is to accept the rules of the network as they were originally established.