Louis Lehot

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With the significant global economies benefitting from considerable government stimulus, easing monetary policies, and increasing vaccination rates, a return to work is powering growth in gross domestic product across the board. We are seeing large employers offering piles of cash to workers to return to work and pent-up demand unleashed across virtually every sector of the economy. As a result, we expect to see significant growth in M&A transactions in the second half of 2021. We…
By Louis Lehot, a business law partner at Foley & Lardner LLP in Silicon Valley Speculating about the future can be a perilous undertaking. If predictions from the twentieth century were right, we would be cruising around in flying cars and living in moonbases or on remote planets by now. Putting those pre-21st century fantasies aside, don’t make the mistaking of looking backwards when driving forward. To survive the pandemic, circumstances forced companies to cut…
By Louis Lehot, a business law partner at Foley & Lardner LLP in Silicon Valley Over the last year, the pandemic upended many industries, prompting businesses to pivot quickly to enable a fully virtual everything, from workplace to marketplace to nearly every aspect of life. Even the legal profession, which historically has been slow to adopt technology, is now starting to catch up to other industries by embracing digital transformation. The results in the…
By Louis Lehot, JD Over the next 30 years, 16 Trillion of high net worth wealth will be transferred to the next generation. Historically, wealth transfer consisted of tangible assets like cash, investments, cars, property, etc. Fast forward to today, and it can now include a variety of digital assets, often in the form of cryptocurrency or NFTs. This year, digital assets have dominated the news. For example, cryptocurrency, which has been around for a while, attracted…
By Louis Lehot, a business law partner at Foley & Lardner LLP in Silicon Valley When the pandemic first hit the U.S. economy, many experts anticipated a decided pullback from comparatively risky investments like startups. Crunchbase reported in March of 2020 that “If past cycles are any guide, we can expect a sharp startup funding slowdown in coming months.” The Harvard Law School Forum on Corporate Governance concluded that “Investors and companies must be prepared…
By Nicole Hatcher and Louis Lehot, business law partners at Foley & Lardner LLP in Silicon Valley Why SAFEs will continue to dominate in early stages Amidst historic highs for startup investment in 2021, and new records broken every month, one wonders whether we can expect the venture capital boom to continue. According to the data, demand for pre-seed and seed-stage deals are being driven by pent-up demand from volatile markets, and the necessity of…
By Louis Lehot and Eric Chow, business lawyers at Foley & Lardner LLP in Silicon Valley An initial public offering (IPO) is a crucial time in the life of a company and its stakeholders. Initial investors, employees, and executives can profit from the public listing, and the company can raise additional capital. But IPOs come with a number of limitations, some required and some just common. Today, lock-up agreements, once a common feature of IPOs,…
By Nicole Hatcher and Louis Lehot, business law partners at Foley & Lardner LLP in Silicon Valley What to expect in a secondary market transaction You formed and financed an emerging growth company or startup, you hold unregistered shares of a private company not listed on a national securities exchange, but you need cash now. You run a company or sit on a board of directors of a private company where a stakeholder has notified you…
By Louis Lehot, a business lawyer at Foley & Lardner in Silicon Valley What you need to know about going public in 2021… One of the hottest investment trends in the past year is the rise of special-purpose acquisition companies, commonly called SPACs. SPACs are shell companies that exist to raise capital to acquire other companies, which is why SPACs are also known as “blank-check companies.” The concept is an old idea, dating back to at…
Combined company launches Regrow for resilient agriculture SAN FRANCISCO, CA, February 23, 2021 — FluroSat, an emergent leader in crop science, and Dagan, Inc., a company recognized for its expertise in soil health, announced their combination and launch of Regrow — a new company offering a single, systemized solutions to scaling, evaluating and monetizing resilient agriculture practices. The launch of Regrow was announced in connection with Flurosat’s all-stock acquisition of Dagan. Microsoft’s M12 venture fund led the investment in…