While the Coronavirus (COVID-19) was disrupting everyone’s lives, Palmer Lehman Sandberg worked to achieve a balance – continuing to take care of our clients’ legal needs, while protecting our clients, our employees, and our community (local and nationwide).

As Texas has begun to reopen, Palmer Lehman Sandberg has adjusted accordingly.

  • We are available for in-office meetings, with the following protections in place – while in our building and our office common areas (lobby, elevators, hallways, etc.), visitors must wear face coverings, and maintain social distancing (minimum 6’) as much as possible.
  • We continue telephone and video conferencing in place of face-to-face meetings, for those who prefer it.

As we continue to serve you, we wish everyone safety and good health as together we move forward through these uncertain times.

Please reach out to anyone at our firm via email or phone with any questions or concerns.

Email us
Star

Providing Solutions

New report released concerning venture capital raised in Texas

| May 14, 2014 | Business Formation And Planning |

The amount of venture capital raised by businesses in Texas is down slightly from what was reported in 2013. Companies reportedly raised $348.7 million in venture capital during the first quarter of 2014. The amount raised during the first quarter of 2013 was $546.4 million. The amount of venture capital raised during the fourth quarter of 2013 was $344.63 million.

The amount of venture capital invested nationwide, however, was up about 12 percent during the first quarter of 2014 as compared to the first quarter of last year. Still, there was a drop from the fourth quarter of 2013 to the first quarter of this year. Investments in software involved $4 billion in investments across the country and this was the largest sector nationally.

Venture capital is the money that is provided for relatively high-risk investments. This clearly can apply to business startups. It’s not often clear whether a startup business will make a go of it and that’s why locating venture capital can be so important. Financing can be particularly challenging for a startup business in any case.

It’s because such ventures contain a number of risks that the advice and counsel of experienced business formation attorneys is required. These attorneys can make certain that the startup plan is one that can realistically survive in a competitive market. Attorneys may also need to take a part in making certain that financing of the company is appropriate. It must also be remembered that financing is only one of many important components in starting a business.

Though there were 951 investment deals rendered in the latest report across the country, 41 of those deals were in Texas. We hope to see even more deals completed during the remainder of 2014.

Source: Texas TechPulse, “Texas Companies Raise $348.7M In Venture Capital In Quarter,” April 21, 2014