OLNS #5 – Venture Financings in the Wake of the Black Swan

Orrick, Herrington & Sutcliffe LLP

Headed into 2020, start-ups accustomed to easy venture capital (“VC”) dollars already faced leaner times, with VC funding having already cooled in Q4/2019. And then along came COVID-19... When you consider the shock waves this pandemic sent around the globe and how it sent the capital markets into chaos and affected both the demand as well as the supply side of almost every industry in every major economy around the globe, the current situation looks like a “perfect storm.”

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Orrick, Herrington & Sutcliffe LLP

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