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
There are conferences you attend, and there are conferences that recalibrate how you think about the next decade. TDK Ventures’ 100X 2026, held this week in Burlingame, California, was firmly in the second category. As a proud co-sponsor on behalf
By Louis Lehot, Partner, Foley & Lardner LLP. Garage to global, since Y2K.#AskASiliconValleyLawyer · Vol. I, №35 · August 22, 2026Friends,The bond market spent the week reminding everyone who is really in charge, the first of our quiet September deals went
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
By Louis Lehot, Partner, Foley & Lardner LLP. Garage to global, since Y2K.Friends,Nvidia spent Monday turning the AI buildout into an asset class, raising half a trillion dollars of firepower with six of the largest investors on earth. Delaware ordered a
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,In last month’s newsletter, we examined a rapidly improving initial public offering (IPO) market, the proposed Securities and Exchange Commission (SEC) reforms aimed at expanding access to the public markets, and the growing impact of artificial intelligence (AI) on
Friends,Two notable events occurred this week that matter for anyone doing deals:
