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Buzz Article: Venture Capital Survey - Silicon Valley Second Quarter 2009 by Barry J. Kramer, Partner, and Michael J. Patrick, Partner, Fenwick & West LLP

Fenwick & West LLP., a national law firm that provides comprehensive legal services to technology and life sciences clients of national and international prominence, has analyzed the terms of the venture financings in the Bay Area for the second quarter of 2009. In this week's Buzz article you will be able to take a closer look at the results of the Fenwick & West survey by Barry J. Kramer and Michael J. Patrick which found down rounds exceeded up rounds 46% to 32%, with 22% flat. This was slightly better than 1Q09 when down rounds outpaced up rounds 46% to 25%, with 29% flat.

To view the entire Fenwick & West survey, or to sign up to receive the survey on a quarterly basis when published, please go to