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For more than four decades, Fenwick & West LLP has helped some of the world’s most recognized companies become, and remain, market leaders. From emerging enterprises to large public corporations, our clients are leaders in the technology, life sciences and cleantech sectors and are fundamentally changing the world through rapid innovation.  MORE >

Fenwick & West was founded in 1972 in the heart of Silicon Valley—before “Silicon Valley” existed—by four visionary lawyers who left a top-tier New York law firm to pursue their shared belief that technology would revolutionize the business world and to pioneer the legal work for those technological innovations. In order to be most effective, they decided they needed to move to a location close to primary research and technology development. These four attorneys opened their first office in downtown Palo Alto, and Fenwick became one of the first technology law firms in the world.  MORE >

From our founding in 1972, Fenwick has been committed to promoting diversity and inclusion both within our firm and throughout the legal profession. For almost four decades, the firm has actively promoted an open and inclusive work environment and committed significant resources towards improving our diversity efforts at every level.  MORE >

At Fenwick, we are proud of our commitment to the community and to our culture of making a difference in the lives of individuals and organizations in the communities where we live and work. We recognize that providing legal services is not only an essential part of our professional responsibility, but also an excellent opportunity for our attorneys to gain valuable practical experience, learn new areas of the law and contribute to the community.  MORE >

Year after year, Fenwick & West is honored for excellence in the legal profession. Many of our attorneys are recognized as leaders in their respective fields, and our Corporate, Tax, Litigation and Intellectual Property Practice Groups consistently receive top national and international rankings, including:

  • Named Technology Group of the Year by Law360
  • Ranked #1 in the Americas for number of technology deals in 2015 by Mergermarket
  • Nearly 20 percent of Fenwick partners are ranked by Chambers
  • Consistently ranked among the top 10 law firms in the U.S. for diversity
  • Recognized as having top mentoring and pro bono programs by Euromoney

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We take sustainability very seriously at Fenwick. Like many of our clients, we are adopting policies that reduce consumption and waste, and improve efficiency. By using technologies developed by a number of our cleantech clients, we are at the forefront of implementing sustainable policies and practices that minimize environmental impact. In fact, Fenwick has earned recognition in several areas as one of the top US law firms for implementing sustainable business practices.  MORE >

At Fenwick, we have a passion for excellence and innovation that mirrors our client base. Our firm is making revolutionary changes to the practice of law through substantial investments in proprietary technology tools and processes—allowing us to deliver best-in-class legal services more effectively.   MORE >

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Despite Tech Frenzy, Seed Financing Boom Has Its Limits

March 23, 2012

Fenwick & West recently released their Second Annual Seed Financing Report. This report, authored by Fenwick attorneys Barry Kramer and Steve Levine, is based on 56 transactions by West Coast companies last year, as well as 52 deals completed in 2010. The Wall Street Journal recently covered the results of this survey in the article, "Despite Tech Frenzy, Seed Financing Boom Has Its Limits."

The Fenwick report found that of the seed-funded companies surveyed in 2010, about 45% received venture capital financing last year. An additional 12% were able to secure further seed financing, while the remaining companies were acquired, closed, operating without additional capital, or no information was available.

The Fenwick report highlights that the Silicon Valley financing boom can have limits, and initial funding does not always ensure future success.

"There's a non-trivial hurdle to get to series B," says Barry Kramer, partner in the corporate group of Fenwick & West, and co-author of the seed funding report.

Kramer went on to say that at the seed stage, many entrepreneurs made out well, with the survey indicating that the median pre-money valuations of Web companies raising seed dollars rose to $4 million in 2011, up from $3.4 million in 2010.

The Fenwick survey also indicated a shift in the source of seed funding last year, with venture capitalists and institutional seed funds grabbing market share from professional angel investors.

View the entire Fenwick & West Seed Financing Report.