If you follow the headlines around startup funding, you’re likely inundated with talk of seed funding, unicorns, and supergiants. However, while much attention is often given to venture financing, the truth is that few startup founders are able to acquire venture capital. According to one report, only 0.05 percent of startups raise venture capital.
Still, while competition for venture capital can be fierce, the value of going the venture financing route is clear.
“The upside is obviously you have access to capital you can use to grow the business,” says VC financing expert Robert Suffoletta. “You’re also getting advice and an experienced partner. In addition to bringing investment money to the table, a venture capitalist can be very helpful in building out the management team, helping to think through the business model, and helping with introductions to potential customers or suppliers.”
Suffoletta is a partner in the corporate and securities practice of Wilson Sonsini Goodrich & Rosati, a law firm that specializes in business, securities, and intellectual property law. On March 3, 2022, he will be hosting a webinar for Founders Network members where he will discuss the process of preparing for venture financing.
In his webinar, Suffoletta will also cover:
About the Speaker:
Robert Suffoletta is a partner in the corporate and securities practice of Wilson Sonsini. He joined the firm’s Austin office over 15 years ago after starting his career in the firm’s Palo Alto office.
Suffoletta works with emerging growth and technology companies, both public and private, as well as investment banks and venture capital funds. During his tenure at the firm, he has gained extensive experience with public offerings, mergers and acquisitions, venture capital financings, and start-up company representation. He regularly advises a number of public companies on corporate governance, disclosure, and SEC compliance matters.
About Wilson Sonsini Goodrich & Rosati:
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them.
The firm is nationally recognized as a leader in the fields of corporate governance and finance, mergers and acquisitions, private equity, securities litigation, employment law, intellectual property, and antitrust, among many other areas of law. Our distinguished international roster of clients spans a wide variety of industries, including information technology, life sciences, energy and clean technology, social and traditional media, communications, retail, and financial services.
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fnAustin Chapter Leadership Team
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About Founders Network:
Founded in 2011, Founders Network offers lifelong peer mentorship to over 600 tech startup founders globally. Our platform, programs and high-touch service facilitate authentic experience sharing, warm introductions and long-term professional relationships. Additional benefits include over $500k in startup discounts and promotion to 2,000 newsletter readers. Members are located in San Francisco, New York City, Los Angeles, Vancouver, Toronto, London and other tech hubs. Each month our Membership Committee admits a new cohort of full-time tech founders who are nominated by an existing member. Learn more about us here