Sectors
Foley & Lardner LLP partners Louis Lehot and Patrick Daugherty authored the WestLaw Today article, “Founders to funders — 250 years of American risk capital,” examining the 250-year evolution of American risk capital.
The authors discuss how American entrepreneurship, legal innovation, and capital formation helped shape the modern venture capital ecosystem and continue to support investment in transformative technologies.
“Every term sheet signed today, every founder who pitches an idea the world has not yet seen, participates in that same tradition. The funders of 2026 are the spiritual successors of the founders of 1776. Different instruments, same essential wager: that the future, properly backed, will exceed anything the past imagined,” the authors write.
