Tuesday, October 29, 2019 - 06:00 PM - 09:00 PM, PDT
Alpha is hosting a private, invite-only discussion for a select group of 20 Founders, CEOs and executives in Toronto focused on the implementation of new US privacy laws and how will affect Canadian and Canadian-based companies with customers in the US. The discussion will be led by Shawn Atkinson and Heather Sussman of Orrick and cover these sweeping changes and how it will dramatically change the risk profile for foreign companies doing business in California.
With the California Consumer Privacy Act (CCPA), California has introduced sweeping changes to the U.S. privacy landscape. Businesses covered by the law must make new disclosures about the type of personal information they are collecting and how that information will be used. It also gives California residents new rights around their personal information, the “right to be forgotten” and the right to opt-out of the “sale” of personal information to third parties. Businesses not directly covered by the law may be swept in by sharing common control or branding with a company that is, or through contractual terms that business customers are pushing through to address their own compliance challenges. And California is just the first of many – more than 10 other US states have introduced similar bills, with one law already passing in Nevada. Companies that do business in or with Californians should evaluate whether and to what extent this law applies and if it does, chart a course toward compliance. While the private right of action is limited to certain breach situations, companies subject to the law face statutory penalties up to $7,500 per violation (e.g., per consumer affected) without any showing of harm)
TriNet has been a long-time sponsor & partner of the Alpha Community and is our official provider for full-service HR solutions industry-tailored for Founders & Venture Capitalists. With the acquisition of Zenefits they are able to offer a variety of technology products and services to free businesses from HR complexities. TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, and real-time technology.
For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. Learn more at svb.com.
Fenwick provides comprehensive legal services to leading technology and life sciences companies — at every stage of their lifecycle — and the investors that partner with them. For more than four decades, Fenwick has helped some of the world's most recognized companies become and remain market leaders. For more information, please visit fenwick.com/.
We launched Position2 in 2005 with the ambitious goal of helping brands grow, and we have grown right alongside them - evolving into an innovative digital agency at the center of growth for our clients. We understand your needs, and that understanding drives us to develop the right marketing mix to deliver growth for your company.
Crosslink Capital is a leading early-stage investor based in the San Francisco Bay Area investing in emerging growth companies since 1989. They are a proven team of early stage business builders investing out of their eighth fund ($275M). Crosslink partners with ambitious entrepreneurs who are reshaping massive markets with disruptive technology.
Burkland provides strategic financial services for venture-back startups to help them scale. They offer Fractional CFO, Startup Accounting & Bookkeeping, Tax Services, People Ops, and Financial Due Diligence.