CB Insights has released their State of Digital Health Report for Q1 2023, and there is finally some good news to report. After four quarters of declines in funding in the digital health space, global digital health funding...more
Despite belt-tightening in IT budgets across enterprises, software-as-a-service (SaaS) continues to experience sustained growth. As companies continue to embrace digitalization and cloud-based solutions, the Enterprise SaaS...more
RSA Conference 2023 took place this fine spring week in San Francisco, bringing together experts and thought leaders in the cybersecurity industry from across the globe. Foley & Lardner had the privilege of co-hosting a...more
Foley & Lardner LLP is closely monitoring the rapidly changing landscape surrounding the recent bank insolvencies.
On Tuesday, March 21, at 5:00 p.m. CT, Foley hosted a webinar where a panel of presenters discussed the...more
Following the recent closures of Silicon Valley Bank, Signature Bank, and Silvergate Bank and Credit Suisse’s takeover by Swiss-based rival UBS, ramifications for blockchain tech and crypto-based assets and deals are...more
3/31/2023
/ Bitcoin ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Enforcement Actions ,
Financial Institutions ,
Infrastructure ,
New Regulations ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Technology Sector
Since our last post looking at artificial intelligence and generative AI, we have seen an explosion of activity that can only be referred to as a “hype-cycle.” There is a growing consumer and enterprise appetite for this...more
An AI model recently scored high enough on a bar exam to be admitted in most states. AI is booming and it’s fair to say it has become the latest catchphrase with OpenAI’s ChatGPT and other emerging technologies, bringing AI...more
The collapse of Silicon Valley Bank and Signature Bank on March 10 and 12, 2023, respectively, sent shockwaves through the venture capital, entrepreneur, technology innovation, and life sciences communities, as well as those...more
On March 10, 2023, the California Department of Financial Protection and Innovation (DFPI) closed Silicon Valley Bank (SVB). Upon closure, the DFPI appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The...more
Hundreds of public companies have filed current reports on Form 8-K since Silicon Valley Bank (SVB) became insolvent and was taken over by the FDIC. The disclosures made to date have been primarily “voluntary” filings, made...more
On March 13, 2023, the FDIC announced that substantially all of the assets of Silicon Valley Bank have been transferred to a “bridge bank,” which is a newly chartered bank operated by a board appointed by the FDIC. This...more
With the pandemic, there came a digital health explosion, with companies working swiftly to bring new technologies to light that would pave the way forward in telehealth and other critical areas. We saw an incredible interest...more
Today, technology is advancing at an incredible speed, and we are seeing things that once seemed to be left to science fiction. When we have these periods of significant technological advancement, investors take notice. So,...more
We have talked a lot about valuations over the past few months, as many startups have seen their valuations drop due to a myriad of issues on a global scale. Pitchbook has released its 2022 US VC Valuations Report, and the...more
We have all heard the Rolling Stones classic, “You Can’t Always Get What You Want,” and in 2023, the song has new meaning for startup founders. Pitchbook recently released their analysis of the current imbalance between the...more
As we project ourselves forward in 2023, amidst the clouds, a bright spot for optimism is burning brightly for early stage, deep tech startup companies and investors. It’s no surprise that last year we saw a decrease in...more
As we ring in the lunar new year around the world, it is the year of the “rabbit” or of the “cat” depending on your version of the zodiac calendar. In Silicon Valley, it is going to be the year of the down round....more
At the beginning of any new year, startup founders are faced with a choice: stay the course, grow or sell. With significant market headwinds, soaring inflation, and an interest rate environment that looks to be rising as far...more
1/11/2023
/ Business Development ,
Capital Raising ,
Equity ,
Initial Public Offering (IPO) ,
Interest Rates ,
Investors ,
Liquidity ,
Mergers ,
Price Inflation ,
Selling a Business ,
Startups ,
Valuation
In 2022, many predicted we would see a spike in M&A due to the economic downturn and the steep drop in startup valuations. However, last year was not the M&A blockbuster that was predicted, and we even saw a drop-off in...more
Legal tech can learn a lot about what to expect in the coming year by looking to the most common and interesting trends in the global Silicon Valley.
We have officially come to the time of year when everyone is putting...more
1/6/2023
/ Artificial Intelligence ,
Automotive Industry ,
Avatar ,
Investors ,
Legal Technology ,
Machine Learning ,
Metaverse ,
Remote Working ,
Silicon Valley ,
Venture Capital ,
Virtual Reality
Are we in a downturn? I am no economist, but in the global Silicon Valley, 2022 was all about the early stage in tech.
Strong headwinds in financial markets, compressed multiples leading to substantially lower...more
While we might have seen a pullback in venture capital investment in 2022, one area where investors are not slowing down is betting on artificial intelligence – specifically directing their investment in companies working...more
The private markets are notorious for their outdated (or non-existent) technology stacks. However, a new era of innovation may finally unwind years of risk-avoidant behavior that has slowed technology adoption across the...more
We have seen a reduction in M&A activity this year in response to global economic uncertainty. Everything has slowed down from the fevered pitch of 2021, so it’s not surprising that deal activity has as well. So, how much...more
Despite the past year's economic downturn, M&A transactions in the tech sector are still getting done. It might be at a different level than 2021, but deals are happening, particularly in certain sections of the tech...more