Lyman Thai


Lyman Thai represents fast-growing companies in the technology sector, the entrepreneurs who build them, and the investors who back them. He is a San Francisco and Silicon Valley based partner in the firm’s Transactions Practice Group and Venture & Growth Capital Team.

Lyman advises founders, management teams, and boards of directors in a wide range of transactions across all stages of growth. He advises business clients on company formation, founder and employee equity arrangements, fundraising, corporate governance, federal and state securities laws, stock and option administration, intellectual property protection, employment and compensation, commercial contracts, mergers and acquisitions, and other strategic transactions, including equity, debt, and convertible instrument financings, and investments. He also represents venture capital firms and corporate investors in their investments in high-growth companies, including seed capital, venture capital, growth capital, and strategic investments.

Lyman has represented clients across a wide range of industries, including cloud computing, cybersecurity, digital media, enterprise software, financial technology, mobile applications, on-demand services, online travel, social media, software-as-a-service (SaaS), video games, and other emerging businesses and technologies.

In addition to advising clients on general business issues, Lyman leads client teams and coordinates specialists to address licensing, patent and trademark prosecution, tax, employee benefits, employment and general commercial litigation, real estate, privacy, CFIUS/national security, HSR/antitrust, and other regulatory matters.

Prior to Foley, Lyman represented emerging companies and investors from the San Francisco and Palo Alto offices of a global technology law firm headquartered in Silicon Valley. He also previously served as the general counsel for a venture capital-backed legal technology company. In that capacity, Lyman helped the company raise US$65 million in venture capital through multiple rounds, supported the company’s growth from 25 to 200 people, negotiated strategic transactions and commercial contracts, and managed business and legal risks across the organization.

24 January 2024 Deals and Wins

Foley Represents TCGX as Investor in Tourmaline Bio, Concurrent with Merger with Talaris Therapeutics

Foley & Lardner LLP represented TCGX as an investor in the $75 million private placement for Tourmaline Bio, concurrent with the company’s merger with Talaris Therapeutics.
23 January 2024 Deals and Wins

Foley Represents TCGX as Co-Lead Investor in $150M Series B Financing for Alkeus Pharmaceuticals

Foley & Lardner LLP represented TCGX as co-lead investor in the $150 million Series B financing for Alkeus Pharmaceuticals.
17 January 2024 Deals and Wins

Foley Represents TDK Ventures as Investor in Infinite Uptime

Foley & Lardner LLP represented TDK Ventures as an investor in Infinite Uptime, the Industry 5.0 focused startup.
12 January 2024 Deals and Wins

Foley Represents NEA as Co-Lead Investor in Funding Round for Orby AI

Foley & Lardner LLP represented NEA as co-lead investor in the latest funding round for Orby AI. NEA was joined by Pear VC, as well as additional investor Wing VC.
09 January 2024 Foley Ignite

Navigating Board Turbulence: Lessons From OpenAI

The rollercoaster of events at OpenAI serve as a reminder of the power dynamics and challenges that even the most innovative and groundbreak companies face.
05 January 2024 Deals and Wins

Foley Represents TDK Ventures as Lead Investor in Series A Funding Round for Faction Technology

Foley & Lardner LLP represented TDK Ventures as the lead investor in the Series A financing for driverless-technology developer Faction Technology.