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Venture Capital Startups

Cooley LLP

Pay-to-Play Remains High at 10.1%; Invested Capital Increased for Late-Stage Rounds and Tech Venture Financings

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Cooley handled 217 reported venture capital financings in Q3 2025, representing $23 billion of invested capital. Deal volume decreased slightly since last quarter. In Q3, deal volume decreased across Series Seed, A and C...more

Orrick, Herrington & Sutcliffe LLP

UK Founder Series: Strategic Investors and Corporate Venture — Navigating Commercial and Legal Complexity

In today’s dynamic funding environment, strategic investors and corporate venture capital (CVC) arms have become increasingly prominent players in the UK and global startup ecosystem. Unlike traditional financial VCs,...more

K&L Gates LLP

The Playbook: Conversations With Craig Budner: Interview With Alok Sama, Best-Selling Author and Former Senior Finance Executive

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Alok Sama is an accomplished investor, advisor, and best-selling author with more than 40 years of global experience in the financial industry. Known for his work as the president and chief financial officer at SoftBank Group...more

Pillsbury - Propel

Startup Board Basics: Forming, Structuring & Governing Your Board of Directors

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Establishing a board of directors with non-founder directors marks a critical turning point in a startup’s evolution, from founder-led to investor-backed. Whether you are incorporating, closing your first priced financing...more

Fenwick & West LLP

Building Legacy: Key Takeaways for Founders Focused on the Long Game

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Being a founder isn’t just about raising a company; it’s about building a legacy. Founders embarking on the high-growth, venture-backed startup journey face a unique set of challenges, and navigating them means paying...more

Cooley LLP

Extending Post-Termination Option Exercise Periods: What You Should Know

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Stock options issued by US-based startups typically allow the optionee to exercise the option within three months (or shorter) after a termination of employment not involving death or disability. Companies often ask us about...more

Maynard Nexsen

Taking the Pulse, A Health Care and Life Sciences Video Podcast | Episode 255: Private Equity Essentials for Life Sciences...

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This week, Matthew and Lindsay welcome Maynard Nexsen attorney James Childs, who leads the firm’s private markets and private equity practice as well as the venture capital and emerging growth practice. In one of our most...more

Mintz Edge

Stock Vesting in Startup Companies

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Building a company from the ground up is a risky (but hopefully rewarding) endeavor for founders. In exchange for the founders’ efforts and devotion to the success of the company, the founders take a significant equity stake...more

BakerHostetler

DoD Expands Opportunities for Startups and Emerging Defense Innovators

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Recent statements from Secretary of Defense Pete Hegseth and senior acquisition officials underscore that U.S. defense competitiveness depends on harnessing commercial innovation in fields such as artificial intelligence,...more

Mintz - Venture Capital & Emerging Companies...

MintzTech Connect: All Things Technology — October 2025

One of the remarkable things about the US economy is the robust nature of startups and emerging companies. These new enterprises drive growth and create jobs, and in turn fuel additional economic activity, creating a...more

Foley & Lardner LLP

Breaking Down the October 2, 2025 NVCA Updates to the Model Legal Documents: What Founders and VCs Need to Know

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On October 2, 2025, the National Venture Capital Association (NVCA) released it’s most recent updates to its model legal documents to reflect recent legal developments, market practices and regulatory priorities. The NVCA...more

Troutman Pepper Locke

What's a Board to Do? Navigating a Down Round Financing

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In the high-stakes world of startups, securing capital can often feel like navigating a labyrinth. But what happens when the path leads to a down round? As economic pressures mount, many entrepreneurs face this challenging...more

Goodwin

Final FCA Capital Rules: Good News for Founders and Investors

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In a previous alert, ‘UK Regulatory Capital Reforms: A Boost for Start-Up Founders and Venture Capital Investors?’, we discussed the Financial Conduct Authority (FCA) consultation on simplifying the capital rules for...more

Orrick, Herrington & Sutcliffe LLP

Is EMI Reform Around the Corner?

The UK Government is reportedly considering increasing the individual limits for Enterprise Management Incentive (EMI) share options. Currently, individuals can hold options over a maximum of £250,000 of shares in any...more

Pillsbury - Propel

The (Unsuccessful) Great Migration: Where to Form Your Company and Why

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As a founder, where you form your business matters. The most commonly selected state is Delaware. However, increasingly founders are considering states other than Delaware like Texas, Nevada and Wyoming. ...more

Husch Blackwell LLP

Clinic to Cap Table: Building Companies and Advisory Roles the Right Way

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This post is the first in our three-part series, Gearing Up for HTLH USA 2025, where our team of attorneys will share insights on intellectual property, equity, and exit strategies and how these issues intersect in the...more

Troutman Pepper Locke

What’s in a Down Round? Key Features of a Down Round

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Startup financing is a dynamic process, and down rounds have emerged as a critical mechanism for companies navigating challenging economic climates. These down rounds are characterized by a reduction in company valuation and...more

Fenwick & West LLP

Secondaries, Founder Liquidity & SAFEs: Inside the Evolving Deal Terms Q2 2025

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Founder preferred stock is on the rise, featured in nearly 11% of companies that closed priced equity rounds in H1, up from 6% in 2023. These provisions often support tax-efficient founder liquidity structuring and may signal...more

Pillsbury - Propel

Choosing Between Financing Instruments for Your Startup

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Choosing the right financing instruments early on impacts not only how your cap table evolves, but also your ability to attract subsequent investors and navigate regulatory compliance. The stage that your company is in will...more

Baker Donelson

The One Big Beautiful Bill Act: How New QSBS Rules and Related Provisions Affect Startups and Investors

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I. Introduction - Key Takeaways for Startups, Founders, and Investors: For stock issued on or after July 5, 2025, Qualified Small Business Stock ("QSBS") eligibility requires that the corporation's aggregate gross assets...more

Pillsbury - Propel

Five Key Considerations for International Founders

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Every day, entrepreneurs from around the world bring new ideas to life in the United States. For founders looking to scale internationally, entering this market can be a game-changing step toward building a global business....more

Cole Schotz

Initial Financing Options for Start-Ups and Emerging Companies

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Even before formation, it is critical to consider how a business will be funded, both initially and in the long term. A business’s initial capital structure can have important implications for the type of financing it is able...more

Jones Day

The Future is FemTech: Innovation and Investment in Women’s Health

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The term “FemTech” received global recognition in 2016 through efforts promoted by entrepreneur Ida Tin, the co-founder and CEO of the women's menstruation-tracking app, Clue. In essence, it is innovation at the intersection...more

Hutchison PLLC

LIVE @ Grepbeat’s Startups to Watch

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In this special edition of the Founder Shares podcast, we go on location to the 2025 Grepbeat Startups to Watch event. Host Trevor Schmidt speaks with judges and founders about what it takes to build a successful startup in...more

Baker Botts L.L.P.

Potential Impacts on Startups From the Federal Government Seeking Patent Royalties

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The new suggestion from Commerce Secretary Howard Lutnick that the federal government may start seeking royalties on federal-funding patents owned by universities represents a potential major change in the landscape for...more

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