fenwick & west

Investment clubs are cool again, and maybe community is, too

The rise of group investing is just as much about culture as it is about cash.

Introducing the Open Cap Table Coalition

If this coalition gets all the relationships right, doesn’t get greedy and understands that there is a social good component here, this could be as impactful as the SAFE was.

Startups Weekly: Investors are keeping terms friendly — instead they say ‘no’ more often

[Editor’s note: Want to get this free weekly recap of TechCrunch news that startups can use by email? Subscribe here.]  Multiple liquidation preferences, full-ratchet anti-dilution clauses and pa

How deal terms are changing right now

Trying to raise money for a startup is never a walk in the park. Still, there are good times, there are bad times, and there is right now, a moment of uncertainty unlike anything that most of us have

Daily Crunch: Stripe now valued at $36B

Stripe raises new funding, Uber acknowledges financial uncertainty and a controversial facial recognition startup accidentally exposes its source code. Here’s your Daily Crunch for April 17, 202

So much for pessimism

After WeWork exploded there was — at least supposedly — a change in sentiment among investors and founders alike. Gone were the days of easy nine-figure rounds, expensive growth, negative unit eco

What every startup founder should know about exits

The dream of a startup founder can often be summarized by the following well-intentioned, and mostly delusional, quote: “We’ll raise a few rounds and in a few years we’ll IPO on Nasdaq.”

Doomed-i-corns: Unicorns Seemingly Reach a Tipping Point

This morning, the law firm Fenwick & West published new findings about all the U.S.-based unicorn financings that took place during the last nine months of 2015. It’s rife with interesting nugge

The Surprisingly Not-Terrible Effect Of All Those Late-Stage Rounds On IPOs

You’ve seen the headlines; you know that over the last couple of years, a growing number of startups has gone public at valuations below where they were valued as privately held companies