
PRINT THIS PAGE Trends in Legal Terms in Venture Financings In the San Francisco Bay Area (Third Quarter 2004)14/12/2004. Source: Fenwick & West. 
In their latest survey Fenwick and West have analysed the terms of venture financings for 113 technology companies
headquartered in the San Francisco Bay Area that reported raising money in the third quarter of 2004. They find that overall, a majority of financing rounds continued to be up rounds, but the percentage of down rounds has increased, especially in later rounds.
The Fenwick & West Venture Capital Barometer™ reported a healthy 17% average price increase for companies receiving venture capital financing in Q3 ‘04 compared to such companies’ previous financing round. However, this is a reduction from the 28% increase for companies that received venture capital funding in Q2 compared to their previous venture capital financing round.
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Fenwick & West is a law firm providing comprehensive services to high technology clients of national and international prominence. The firm has over 300 attorneys and a network of correspondent firms in many major cities of the world. Fenwick & West has offices in Palo Alto California, San Francisco California, and Washington DC. For more information please visit www.fenwick.com

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