fenwick

  • Pay To Play: How Investors Get Burned Fast In A Downturn

    Pay To Play: How Investors Get Burned Fast In A Downturn

    Earlier this year, the law firm Fenwick & West published a report analyzing the financing terms of 37 U.S.-based venture-backed companies that raised money at valuations of $1 billion or more in the 12-month period ending March 31. The report’s headline-grabbing conclusion was that in all cases, the investors had received significant downside protection in case the… Read More

  • The Series A Bottleneck Grows Tighter, Fenwick Survey Shows

    The Series A Bottleneck Grows Tighter, Fenwick Survey Shows

    While the number of seed financing deals has ballooned over the last few years as the cost of starting a company has fallen, the pace of Series A venture deals hasn’t kept up. Now it looks like the bottleneck between the seed stage and the Series A level has gotten even tighter, according to a survey from Fenwick & West, one of the best-known law firms for startups in Silicon Valley. Read More