Welcome back to the Orrick Legal Ninja Snapshot! In today's fast-evolving venture capital landscape, we're seeing a new twist on an old favorite: sunset or fall-away provisions in antidilution protection. As the German VC...more
The composition of a founder team and the way equity is split can have far-reaching implications for the success of a start-up. A well-balanced team can drive innovation, attract investors, and navigate the inevitable...more
Our research analyzed founder teams and equity distributions across almost 2,200 German start-ups established between 2019 and 2024, each having secured external funding through angel investors or (corporate) venture capital....more
We are excited to share the initial findings from our comprehensive Founder Equity Study 2025. About the Study Our research analyzed founder teams and equity distributions across almost 2,200 German start-ups established...more
Für deutsche Start-ups sind Growth und Hurdle Shares besonders interessant, um Key Employees und Late Co-Founder zu incentivieren, wenn das Unternehmen bereits einen substantiellen Eigenkapitalwert hat und damit für Gründer...more
In German start-ups, Growth Shares are particularly intriguing for motivating key employees and late co-founders. This is especially true when the company has already reached a substantive equity value, making further stakes...more
In 2024, despite political and regulatory challenges, Europe's talent pool reached new heights, even amid funding shortages. Venture capital investment in European startups reached over $52B last year, aligning with the...more
About the Orrick Legal Ninja Series – OLNS In substantially all of the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As...more
Mit unseren auf Technologietransaktionen spezialisierten Teams in allen wichtigen globalen Märkten begleiten wir zahlreiche deutsche Technologieunternehmen auf ihrem Wachstumspfad. Als eine der führenden Tech-Kanzleien...more
In substantially all of the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world,...more
Venture capital investment in European startups reached over $60B last year, higher than pre-pandemic levels but lower than the highs of 2021 and 2022.
To see how this changed deal terms, Orrick used in-house technologies,...more
In substantially all the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world, we...more
Foreword -
Despite a shift to economic headwinds, investors injected more than $95B into the European tech market in 2022, the second-largest amount ever. To see how deal terms changed, Orrick developed new technologies and...more
3/10/2023
/ Big Data ,
Capital Raising ,
Critical Infrastructure Sectors ,
Debt Financing ,
Emerging Technology Companies ,
EU ,
FinTech ,
Initial Public Offering (IPO) ,
Investment ,
Investment Funds ,
Life Sciences ,
Popular ,
SaaS ,
Startups ,
Venture Capital
In substantially all the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world, we...more
In substantially all the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world, we...more
10/19/2021
/ Acquisitions ,
Capital Markets ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Foreign Investment ,
Initial Public Offering (IPO) ,
Investment ,
Investors ,
Mergers ,
Private Equity ,
Publicly-Traded Companies ,
Shareholders' Agreements ,
Special Purpose Acquisition Companies (SPACs) ,
Venture Capital
Mitarbeiterbeteiligungsprogramme spielen für junge Unternehmen eine entscheidende Rolle bei der Gewinnung und Bindung von Top-Talenten. Eine Beteiligung am Unternehmen belohnt Mitarbeiterinnen und Mitarbeiter dafür, dass sie...more
Employee-ownership programs (or in short "ESOPs") play a critical role in attracting and retaining top talent to fledgling young companies. Stock options reward employees for taking the risk of joining a young, unproven...more
Headed into 2020, start-ups accustomed to easy venture capital (“VC”) dollars already faced leaner times, with VC funding having already cooled in Q4/2019. And then along came COVID-19... When you consider the shock waves...more
I. Einleitung -
Weltweit verändern die Digitalisierung und der Einsatz moderner Technologien die Wertschöpfungsketten radikal und stellen mitunter sogar ganze Branchen auf den Kopf. Unternehmen auf der ganzen Welt bemühen...more
At start-up, young technology companies focus entirely on their products, want to pitch and bring VC investors on board. Every euro in the budget counts, personnel is often limited, and legal advice seems expensive. For these...more
12/6/2019
/ Corporate Structures ,
Emerging Growth Companies ,
Employment Contract ,
Employment Discrimination ,
Fixed-Term Labor Contracts ,
Freelance Workers ,
Germany ,
Hiring & Firing ,
International Labor Laws ,
Labor Regulations ,
Shareholders ,
Social Security ,
Startups ,
Venture Capital
For emerging technology companies, gaining access to financial resources is a key challenge. Traditional bank loans are often unavailable, and the financial means of the founders are usually limited. An (equity) financing by...more
As the U.S. and German tech ecosystems become more closely connected, raising capital in the U.S. market is becoming a strategic consideration for many fast-growing German tech companies. For some, establishing a presence in...more
10/24/2018
/ Business Development ,
Capital Raising ,
Corporate Governance ,
Cybersecurity ,
Electronic Data Transmissions ,
Emerging Technology Companies ,
Foreign Investment ,
Foreign Markets ,
Germany ,
Personal Data ,
Regulatory Requirements ,
Risk Management ,
Trade Secrets ,
Venture Capital
Venture Capital Deals in GermanyNegotiating venture capital financing agreements for privately-held technology companies raises business, legal, tax, intellectual property, employment and liability issues. If you don’t get...more
In a time of ever-shorter innovation cycles and the increased digitalization of many value-added chains, established businesses need to constantly evolve and reinvent themselves – even going so far as to rethink their core...more
In a time of ever-shorter innovation cycles and the increased digitalization of many value-added chains, established businesses need to constantly evolve and reinvent themselves – even going so far as to rethink their core...more