Friends,We are pleased to begin this month’s newsletter by welcoming Jane Adams and Cathryn Le Regulski to Foley. Their arrivals enhance the firm’s capabilities across the Health Care & Life Sciences, Innovative Technology, Manufacturing, and Energy & Infrastructure Sectors and
A note to clients on the Q2 numbers and what to do about themEach August, I review the software earnings roll-up with one question in mind: What do the numbers mean for the deals my clients will pursue, or wish they
By Louis Lehot. Market data as of the August 21, 2026 close.The sun was dropping behind the Ferry Building when the question got asked. After two years of a closed IPO window, is it open? And if so, are you ready?That was
What the Q2 2026 PitchBook data means for founders, investors, and the deal economyI have been in this business long enough to remember when a fund closing meant a conference room and a handshake. The venture market is constantly evolving. Last
Should AI in the law be controlled by the people who use AI versus the companies that build it and develop solutions for it? People in the law meaning legal professionals and the public.
The New York Times’ Cade Metz
On the lonely work of running an emerging growth companyThe board meeting ends at 4:40. Laptops are closed and directors mumble a few platitudes about the opportunity. The lead investor, who has eleven other companies, is already thinking about the next
Friends,Two notable events occurred this week that matter for anyone doing deals:
Traditional IPOs raised roughly $114 billion in the first half of 2026, more than seven times the total from the same period last year. Sixty-five companies went public, nearly double the prior year’s count, and most opened above their offer
Last week Microsoft and OpenAI publicly updated their partnership status to committed, but still complicated given their multi-cloud set-up. Jokes about Silicon Valley vow renewals aside, this statement quietly re-affirms a new legal order based on Microsoft’s exclusive licence over
Computerworld.com reported that “Silicon Valley is abuzz with chatter about Google’s upcoming AI glasses. The trigger was a big announcement on The Android Show on December 8. The company announced that its first AI glasses will be developed in collaboration
