Louis Lehot Comments on Startup Founders Using Record-High Valuations to Cash Out Earlier
September 30, 2023
The Information
Foley Partner Louis Lehot was quoted in The Information article titled, “Startup Founders Use Record-High Valuations to Cash Out Earlier.” The article discusses the past year’s funding boom and how founders of young companies are increasingly selling millions of dollars of shares in the earliest stages of the capital-raising process.
Lehot commented, “It used to be that founders would ask for [secondary sales]. Now, venture capitalists are coming out of the gate with it. Half of Series A and B deals now have some secondary component for founders.”
Read the full article here (subscription required). Lehot’s quote also appeared in the Grant’s Interest Rate Observer article titled “Early Risers” here.
People
Related News
May 28, 2025
In the News
Cliff Risman Featured on Hospitality Trends – Transactions at 'almost historic levels'
Foley & Lardner LLP partner Cliff Risman is featured in the Law360 Q&A, "Foley Hospitality Leader Talks Deals In Economic Uncertainty."
May 27, 2025
In the News
Kyle Faget Profiled on Health Care Evolution – 'Only just beginning to see what's possible'
Foley & Lardner LLP partner Kyle Faget is profiled by The Inspirational Leaders for her achievements and vision in health care law.
May 27, 2025
In the News
Foley's Silicon Valley Corporate Additions Featured in Legal Press
Foley & Lardner LLP partners Gurpreet Bal and Shaalu Mehra are highlighted in legal press for their recent arrival to the firm.