As the economy improved and deals began to flow again into Silicon Valley, firms as usual were relying on mid-level corporate associates. But three years of deal drought had left many of those associates short on the experience necessary to handle the tasks. “There is a hollowing out of lawyering skills in Silicon Valley,” said Weil, Gotshal & Manges partner Rod Howard.
Venture capital firms were sitting on an estimated $68 billion in funds that they had yet to invest in startup companies, according to a new survey. The giant uninvested pot, along with signs that venture capitalists were once again in a spending mood, were the latest rays of hope in the ravaged startup sector. “It just feels like there’s another segment of our business that’s healthy again,” said Steven Bochner, a corporate partner at Wilson Sonsini Goodrich & Rosati.
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