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Venture Capital Valuation Startups

Orrick, Herrington & Sutcliffe LLP

#Antidilution: Sunset or Fall-Away Provisions in Antidilution Protection Clauses | Legal Ninja Snapshots

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

Fenwick & West LLP

Convertible Notes & SAFEs: Still Popular, But Terms Are Tightening

Fenwick & West LLP on

Convertible instruments held steady in Q1 2025, but the terms are shifting in favor of investors. Interest rates on convertible notes rose by 200 to 300 basis points, and discount rates climbed as high as 10.5 percentage...more

Fish & Richardson

How Startups Can Position Their IP Portfolios to Attract Investors

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When startups seek funding, the conversation often centers on market size, traction, or revenue models. Yet intellectual property (IP) is just as pivotal. A robust IP strategy not only boosts valuation but also reassures...more

Pillsbury - Propel

Equity Compensation: Navigating 409A Valuations

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Private company clients frequently ask us about granting compensatory stock options to their founders, employees and other service providers, including board members, consultants and advisors. Options and other equity awards...more

Fenwick & West LLP

Seattle Tech Week Takeaways: How Software Investors Fund the Right Fit

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When an investor is thinking about betting on an up-and-coming software innovator, what do they look for? We asked, and they answered....more

Wyrick Robbins Yates & Ponton LLP

SAFE Financing – a Deep Dive on the Evolution of the SAFE

As we’ve noted in a previous article, the Y Combinator-hosted SAFE (Simple Agreement for Future Equity) has become the investment contract of choice for startup companies that have already attracted investors. However, the...more

Wyrick Robbins Yates & Ponton LLP

SAFE Financing – Valuation Cap vs. Discount Variants

So you decided to use a SAFE (Simple Agreement for Future Equity) to raise money for your new startup – congratulations! And you’re off to a good start because you read our previous article, which summarized how to use the...more

Farrell Fritz, P.C.

Navigating the Downside: The Rise of Down Rounds in 2024 VC Deals

Farrell Fritz, P.C. on

I had a chance to sift through Pitchbook’s U.S. VC Valuations Report for the first quarter of 2024.  The data point that really jumped out at me was the increase in down rounds.  The number of flat and down rounds as a...more

Foley & Lardner LLP

What Will it Mean for the Innovation Ecosystem if a Recovery in Venture Fundraising Takes Longer than Expected?

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Everyone is watching to see when venture fundraising will rebound. There has been much speculation surrounding when it will bounce back, and PitchBook is is now predicting it could be 2028 before we see a real recovery in...more

Proskauer - The Capital Commitment

Is Artificial Intelligence Inflating a Valuation Bubble?

Big fund-raising rounds and high valuations have some wondering whether the AI sector is in a bubble in the nature of the dotcom boom. As of this writing, OpenAI is valued at over $80 billion; Amazon added another $2.75...more

Mintz - Venture Capital & Emerging Companies...

Section 409A Valuations: Mastering the Art and Science in a Volatile Venture Market

Within the unpredictable landscape of start-ups and private companies, market volatility can significantly alter a company’s financial trajectory. An integral part of navigating this volatility is understanding the role and...more

Foley & Lardner LLP

Where Have All the Venture Capital Firms Gone?

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We all know funding for startups has been in short supply over the past year, but a recent PitchBook article points to a large drop in active venture capital investors in the US. They define active investors as those who have...more

Foley & Lardner LLP

Operating in Today’s Investor-Friendly Environment

Foley & Lardner LLP on

Pitchbook recently released deal-level data looking at how investor-friendly or startup-friendly the current capital raising environment is. Their VC Dealmaking Indicator looks at various factors to create indicator values –...more

Foley & Lardner LLP

Venture Capital Investment in Latin America

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Over the past few years, explosive growth in Latin American startups and sources of capital to fund them has piqued the interest of U.S. venture capital (“VC”) investors. Whereas Latin American technology has historically...more

Orrick, Herrington & Sutcliffe LLP

Life Sciences Snapshot – A Quarterly Report on Financing Trends – Q2 2023

This report series examines quarterly trends in life sciences venture investment. Key findings for Q1 2023 include: • Life sciences VC deal value totaled $5.0 billion across 364 deals, representing a 40.9% decline in value...more

Mintz Edge

Extending for Success: The Rising Trend of Extension Rounds and the Importance of Due Diligence

Mintz Edge on

Venture capital investment in United States startups is projected to decline in 2022 by over one-third from 2021 levels. And while down rounds remain infrequent relative to historical trends, there has been a notable upward...more

Fenwick & West LLP

Silicon Valley Venture Capital Survey - Fourth Quarter 2021

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Our survey analyzed the terms of 287 venture financings closed in the fourth quarter of 2021 by companies headquartered in Silicon Valley. Key Findings - • Valuation results again reached new record highs, with the...more

Morgan Lewis

Corporate Venture Capital Survey: Q2 2020

Morgan Lewis on

During the second quarter of 2020, corporate venture capital (CVC) programs at major companies continued to make significant investments in promising startups and late-stage enterprises. In this survey, we track investment...more

Fenwick & West LLP

Silicon Valley Venture Capital Survey – Second Quarter 2019 - Full Analysis

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We analyzed the terms of 215 venture financings closed in the second quarter of 2019 by companies headquartered in Silicon Valley. The quarter showed the highest percentage of up rounds since 2004, when we first started...more

WilmerHale

In Case You Missed It: Launch Links - December 2018 #2

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Some interesting links we found across the web this week: The Price of High Seed Stage Valuations - While high seed stage valuations may be attractive, they can be a double-edged sword. There are a number of potential...more

WilmerHale

In Case You Missed It Launch Links - May, 2018 #3

WilmerHale on

Some interesting links we found across the web this week: How to Talk About Valuation When a VC Asks - VC’s have polished their questions for startups through hundreds of meetings with various companies....more

WilmerHale

In Case You Missed It: Launch Links - March, 2018 #3

WilmerHale on

Some interesting links we found across the web this week: Investor Perspectives—Corporate Venture Capital - During January’s QuickLaunch University webinar, Partner David Gammell led a panel discussion of venture...more

Morgan Lewis

Corporate Venture Capital Survey: Q1 2017

Morgan Lewis on

During the first quarter of 2017, corporate venture capital (CVC) programs at major companies continued to make significant investments in promising startups and late-stage enterprises. In this survey, we briefly review...more

Farrell Fritz, P.C.

Valuation Disconnect Leads to 2016 IPO Drought

Farrell Fritz, P.C. on

2016 turned out to be a terrible year for IPOs, both in terms of number of deals and aggregate proceeds. According to Renaissance Capital’s U.S. IPO Market 2016 Annual Review, only 105 companies went public on U.S....more

WilmerHale

In Case You Missed It: Launch Links - November, 2016 #3

WilmerHale on

Some interesting links we found across the web this week: Founders Have to Choose Between Growth—and Keeping Control - We get it—the company’s your baby and it’s tough to let go—but new research from the...more

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