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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…
Looking out for everyone sometimes means going the extra mile. By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer These days, most entrepreneurs bring their companies to market for sale for one of three main reasons: It was a goal from the start to launch a business and sell it eventually; The venture has not been making any significant progress since its inception or; It is time to leave…
Incentivizing With Stock Options: What Your Startup Needs To Know About ISOs, NSOs And Other Parts Of The Alphabet Soup One of the most common questions executives of emerging companies face when issuing stock options is what type of option to issue. By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer At formation stage, a startup should adopt an equity incentive plan to pay service providers with equity and position…
By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer What is a merger, reverse-merger, acquisition, stock purchase or asset sale? Picking the right transaction structure can make or break your return. There will always be a variety of reasons driving if and when to sell your business. On the one hand, things may not be going as well as you thought, and it’s time to consider options. On the…
Louis Lehot, the founder of L2 Counsel In the technology industry, whether in Cupertino or elsewhere in the Global Silicon Valley, the competition for the top talent required to grow to scale can be fierce. For decades, there have not been nearly enough STEM graduates to fill open spots. The road from #garage2global is tortuous, and a key ingredient to becoming #bigtech faster than the next #startup is hiring engineers. For #bigtech companies to stay…