When Silicon Valley Bank collapsed on March 10, 2023, it was the largest bank failure since the Great Recession and the second largest in U.S. history. Foley is closely monitoring this fluid situation as the Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) continue to react to changes in the banking system, including subsequent bank failures.Be sure to check…

Friends,Are the “Wild West” days of Silicon Valley over? We are discussing that topic on March 8th at our event with Firstboard.io featuring insights from our friends at PwC, The Tech Interactive, QFE, and Okta.This month we share perspectives on regulatory and compliance updates — plus advice on mitigating risks in emerging tech and the new deal landscape.AI and crypto continue to dominate…

Following up from our webinar on January 18, 2023, we thought you might be interested in an article called “U.S. Aims to Curtail Technology Investment in China,” that was published in the New York Times last week.The talk surrounding the Biden administration potentially issuing an Executive Order restricting outbound U.S investments is heating up in Congress. We could see a proposal…

February 10, 2023National and global news reports have created a pessimistic outlook for 2023 based on expectations of perpetually rising interest rates, more layoffs at home, supply chain disruption and geopolitical tension abroad. While the mood among some dealmakers is shifting, opportunities are still to be had, especially in the early stage. Today’s market prices and valuation terms are much less…

Foley Represents Yobi in Seed Financing — Foley IgniteFoley & Lardner LLP recently represented Yobi, the AI-focused customer communications app catering specifically to the small business community, in its oversubscribed seed round.Yobi provides tools businesses need to satisfy clients and customers in an all-in-one app. It includes features such as text, call, CRM, and team collaboration. The app’s addition of Yobi AI-powered Translator and…

Louis Lehot is a partner and business lawyer with Foley & Lardner LLPI recently joined a panel of experts in discussing how a proposed “Reverse CFIUS” Executive Order expected soon from the White House will impact venture capital and private equity investments — especially those involving investment targets in China and other global competitors. The panel was moderated by 4thly Accelerator’s Bret…

While we might have seen a pullback in venture capital investment in 2022, one area where investors are not slowing down is betting on artificial intelligence — specifically directing their investment in companies working with generative AI. According to data from PitchBook, investment in generative AI has considerably increased since 2020. Their data shows a 425% jump from 2020 to now, with…