Education
Queens College B.A. 1986 cum laude
New York University School of Law J.D. 1989
New York University School of Law LL.M. in Taxation 1991
Professional experience
Ms. Lori Hoberman is a Principal in Fish & Richardson's New York office. Her practice emphasizes venture capital, private equity, and general corporate counseling for emerging as well as later stage and publicly traded companies. She focuses on a range of industries, including telecommunications, software, biotechnology and life sciences, real estate, consumer products, Internet search and advertising, gaming and other media.
Ms. Hoberman has significant experience in the structuring of, and tax planning for, domestic and offshore private equity funds.
Representative transactions
Start-up, private equity funding and buy-out deals
F. Hoffman La-Roche and Genentech, Inc. Advice in the combination of licensing, joint venture portfolios as a result of the 2009 acquisition by Roche of Genentech.
Perceptive Pixel (large-screen, multi-touch technology). All legal and business advice from formation through current stage of development.
Mo'Jiva (mobile advertising platform and facilitator). All financing and other legal and business advice from formation through current state of development.
Right Media Inc. (auction based exchange for the sale of internet advertising): All financing and other legal and business advice from start-up to recent sale to Yahoo! Inc. for a total transaction value of $850 Million.
Major League Gaming Inc. (organizes domestic and international console gaming competitions): Series A and Series B funding rounds ($35 Million in the aggregate) and related corporate, technology, and employment matters.
Cellufun Inc. (downloadable games for play on cell phones): Series A funding and all related corporate, technology and employment matters.
EchoTarget Inc. (cookie-based targeted marketing company): Sale to Acxiom Inc.
Ouidad Inc. (upscale hair salon and product retail business): Restructuring and sale to JH Partners.
Built NY Inc. (designer/manufacturer of neoprene totes for wine bottles, electronic devices and baby products): General funding and related corporate matters.
Fund formation
Hedge Funds Multiple hedge funds with various on-shore and off-shore structures.
Venture Funds Off-shore feeder fund for a U.S. venture fund’s investments in China; International biotechnology venture fund and related offshore investment vehicles
Real Estate Funds Real estate debt fund targeting German institutional investors (taken public on the Irish Stock Exchange).
Selected publications
Ms. Hoberman has written for numerous publications and spoken frequently at seminars and conferences on various tax and venture capital issues. Her articles include:
Contributing author to Venture Capital Forms and Analysis, Law Journal Press (2007).
"A Focus on Software Evaluation and Merger/Acquisition Partnerships," Inside the Minds: Doing Deals in the Software Industry, Aspatore Books (2005).
"Show Me the Money: How to Structure the Best Venture Financing for an Early Stage Company," Venture Capital 2004, Venture Creation, Management, and Financing in the New, "Post-Bubble" Market, Practicing Law Institute (2004).
"Stirring the Mixing Bowl -- Coordinating Partnership Tax Allocations with Basis Adjustments," with R. G. Cohen, Tax Planning for Joint Ventures, Partnerships, and Other Strategic Alliances, Course Handbook Series, Practicing Law Institute (2000).
"Receipt of a Partnership Interest in Exchange for Services: Still Polishing the Diamond," Journal of Partnership Taxation, Gorham & Lamont (1999).
"So You Want to be a Partner - Navigating the Minefield of Section 743 Basis Adjustments and Section 704(c) Allocations," Business Entity Journal (1998).
Selected presentations
"Private Equity Tax Practices -- Achieving Optimal Tax and ERISA Treatment for Your Private Equity Fund of Funds," Institute for International Research, Boston (2005).
"How to Structure the Best Financing for an Early Stage Company," Practicing Law Institute, New York (2004).
Panel moderator, "Most Renowned Private Equity Investors Analyze This Year's Events and Make Their Forecasts for 2002," Global Venture Network Conference, New York (2001).
"The Benefits and Burdens of Strategic Alliances," Internet Investing 2001, International Business Forum, New York (2001).
Panel moderator, "Early Stage, First Round, and Growth Stage Venture Capitalists Discuss Their Investment Strategies and Outlook for Start-Ups, Global Venture Network Conference, New York (2001).
"Cyber Taxation -- When Nexus is Not the Lexis News Library," Columbia Law School, New York (2001).
Selected media interviews
Ms. Hoberman was featured in The Wall Street Journal Complete Small Business Handbook, by Colleen DeBaise, (Three Rivers Press, 2009). In a chapter titled, "Seeking Venture Capital," Ms. Hoberman discussed strategies entrepreneurs should execute to raise venture capital.
"Social-Networking Sites Create a Lucrative Business," SmallBiz Newsletter (September 10, 2007). To read the article, please visit www.smsmallbiz.com/profiles/Social-Networking_Sites_Create_a_Lucrative_Business.html.
In "Green Wave: Venture Capital," Ms. Hoberman is interviewed by Smart Money magazine on how venture capitalists and private equity firms are heavily investing in green companies because of their money making potential. To view the entire clip please see http://www.smartmoney.com/smartmoneytv/player.cfm?bcpid=24560524&bclid=86208574&bctid=909804102.
In "Green Wave: Raising Cash," Ms. Hoberman is interviewed by Smart Money magazine and offers advice on how eco-friendly start-up companies can find funding from venture capitalist companies. To view the entire clip please see http://www.smartmoney.com/smartmoneytv/player.cfm?bcpid=24560524&bclid=86208574&bctid=909937430.
"Fish & Richardson Have the Right Media Stuff," The Deal (May 13, 2007).
"Raising Funds: When Angels Have Too Much Faith," Inc. Magazine (July 2007).
"Building A Practice Where Business and Technology Converge," Metropolitan Corporate Counsel (April 2006).
Bar admissions
Admitted to the bar in New York.
Additional information
Member: New York State Bar Association.
Ms. Hoberman is a member of the Board of Directors of the MDS Life Science and Technology Fund, USA; the SMPTE (Society of Motion Picture and Television Engineers) Foundation; and the Board of Advisors of ceslie.com.
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