July 09, 2010

Venable featured in Baltimore Business Journal on venture capital financing

1 min

Venable's program to invest in emerging technology firms was the subject of a recent venture capital article in the Baltimore Business Journal. The article featured the firm's "Venable Venture Services" program, which is designed to help emerging tech companies plan for and find outside cash.

Venable is currently searching for and vetting companies that may be looking for investment. The program charges a flat fee of $5,000 per month and offers discounted hourly rates upon graduation. It includes a curriculum of classes as well as individual help navigating legal issues such as intellectual property and ownership matters.

Business transactions group partner Chuck Morton was quoted in the July 2, 2010 article.

"Emerging businesses are always caught in a very difficult place," said Morton. "They're starved for cash but perhaps need the most sophisticated legal services."

According to the article, companies have been especially starved during the recession. Venture firms invested $4.7 billion in the first quarter of this year, up from a more than five-year low of $3.4 billion the same quarter of 2009. However, before the recession, investing was steadily above $7 billion each quarter.