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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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The traditional venture capital fund formation model has remained largely unaltered since the 1970s. Typically, venture funds have 10-year life cycles which force limited partnerships to exit startup companies in that timeframe and return proceeds to investors. However, while startup company investments used to fit within that model, they are now taking far longer to mature and reach maximum return potential for investors. As such, Sequoia Capital, one of the most well-respected venture firms in the world, has decided to tie its funding model more closely to the new longer lifecycle of the startups in an effort to capture more of the late-stage profits generated outside the previous 10-year fund window.

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<a href="https://pitchbook.com/news/articles/sequoia-capital-new-subfunds-structure" target="_self" rel="noopener">Lindsay Karas Stencel</a>, a partner in the New Ventures group and co-chair of the Fund Formation practice group, was recently interviewed by PitchBook Data to discuss the new model and its impacts on startups.

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The full story can be found <a href="https://pitchbook.com/news/articles/sequoia-capital-new-subfunds-structure" target="_blank" rel="noreferrer noopener">here</a>.

A 50-Year-Old Venture Capital Model Reinvented

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