VC as an Asset Class
“As Figma goes public, a turning point in the long-awaited IPO market recovery takes shape,” read Fortune’s headline. The IPO came after a planned merger with Adobe fell apart in 2023, with the design software unicorn’s offering valued at nearly $20 billion. This milestone reflected broader trends in legal tech investments, where venture-backed companies are increasingly shaping the technology and services used by corporate legal teams and legal service providers.
As Fortune writes, “… Figma could be the harbinger of a simmering truth: that the market for venture-backed IPOs is in a thoughtful recovery,” while also quoting PitchBook’s Derek Hernandez that should Figma “stumble,” “… this may reinforce some caution among late-stage VCs and delay other large tech floats.”
The IPO market is just one path to liquidity for investors, and for this edition, I wanted to dive into venture capital as an asset class, including:
- IPO optimism and uncertainty
- The role of M&A
- Secondaries as “no passing fad”
- Other novel approaches
- The overall exit math and the “new normal” for Venture Capital
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Alternative Legal Services Providers (ALSPs): A Look Back, and What’s Ahead
Professional services, including legal, stand at an AI inflection point, with rapid changes ongoing and even greater transformations on the horizon ahead – and sometimes, in order to look forward, it helps to first also take a look back. For this edition of Venture Legal, I wanted to look back at the evolution of a…
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The Future of AI + LegalTech @ SF Tech Week
As cloud computing and AI expert David Linthicum recently wrote, “AI is often described as a transformative technology, but transformation is anything but easy.” That’s why, as AI transforms the legal sector, it was imperative to convene a panel during SF Tech Week composed of legal industry leaders who’ve made AI work – Okta’s Russell…
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LegalTech Goes Global! (Part 2)
In just the past two weeks, since publishing Venture Legal’s LegalTech Goes Global (Part 1): As VC-funding startups rapidly scale globally, this week’s edition of Venture Legal is Part 2 of the LegalTech Goes Global series. This week I’m exploring: Follow me on Substack and subscribe to read the featured story! Venture Legal,…
