close

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

MORE >

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 >

Mountain View Office
Silicon Valley Center
801 California Street
Mountain View, CA 94041
650.988.8500

San Francisco Office
555 California Street
13th Floor
San Francisco, CA 94104
415.875.2300

Seattle Office
1191 Second Avenue
10th Floor
Seattle, WA 98101
206.389.4510

New York Office
1211 Avenue of the Americas
32nd Floor
New York, NY 10036
212.921.2001

Shanghai Office
Unit 908, 9/F, Kerry Parkside Office
No. 1155 Fang Dian Road
Pudong New Area, Shanghai 201204
P.R. China
+86 21 8017 1200

悄然改变的风险资本市场格局 - The Changing Venture Capital Landscape

​​ ​​​​

悄然改变的风险资本市场格局 - The Changing Venture Capital Landscape

October 12, 2013

    泛伟律师事务所公司组的合伙人 Barry Kramer 最近接受《第一财经周刊》的采访, 为一篇题为“Free Money”的文章提供了自己有关硅谷风险资本环境变化的看法。

    Kramer 向《第一财经周刊》说:“近年来,随着微型风险投资公司、加速器、天使投资基金、众筹、投资者配对网站(如 AngelList)和二级交易市场的兴起,风险投资公司的运营环境已发生巨大变化。”

    “10 年前,您可能需要投入数百万美元的资金才能创办一家风险投资公司。现在,您只需要几千美元就能让公司初具规模。”他补充道。

    自从泛伟发布第一期季度“风险资本调查”以来,至今已过去了十年。作为该调查的联合撰稿人之一,Kramer 表示,风险投资人现在面临新的挑战。

    “但风险投资现在面临一个困境:他们在最近 10 年的回报并不好。”Kramer 说,“看看美国财政问题、欧债危机,以及上市公司 IPO 活动的缩减,这些都让他们感到宏观环境不容乐观。他们必须更加谨慎。”

    “但在微观环境下,早期投资却开展的有声有色,回报颇为丰厚。如果他们不冒更多风险,就有可能错过赚钱的好机会。”他补充道。

    “A 轮融资短缺”一词最近常常被提到,用以形容“虽然得到种子融资的公司很多,但是进入到 A 轮融资的公司却很少”这一越来越普遍的现象。Kramer 指出,A 轮融资短缺“并不一定是坏事”。

    “[A 轮融资短缺] 意味着学会从失败中吸取教训的人越来越多了。”他说。​​​​​​​​​​​​​

    媒体报道