Hewlett-Packard General Counsel Holston Is Out

What, right in the middle of a lawsuit with Oracle?
ejection_seat

Series Seed Documents Legal Guru Ted Wang Speaks! (Plus Get Your Free Term Sheet Here)

BoomTown finally got to meet Silicon Valley lawyer Ted Wang today, which was kind of a thrill since most tight-lipped attorneys run in the other direction when they see me coming. But Wang–who works for Fenwick & West and is a popular legal adviser to a spate of digital start-ups, such as Facebook, Aardvark, Twitter and many others–has a lot to talk about with the launch of a new Web site called Series Seed Documents earlier this week. It’s a laudable effort at simplifying the complex–especially since most lawyers mostly like to complexify the simple.

Series Seed Documents–With an Assist From Andreessen Horowitz–To Help Entrepreneurs With Legal Hairballs

Series Seed Documents, templated term sheets for entrepreneurs to use for seed-stage deals, will be launched today, part of an effort by Silicon Valley lawyer Ted Wang and pushed by venture capital firm Andreessen Horowitz. The point: So new entrepreneurs don’t waste time and money negotiating often unnecessarily complex term sheets.

Venture Capital: It’s a Downer

Being able to secure venture-capital financing in the recession is something of an achievement. But getting that money now appears to be coming at a cost. According to a new survey from law firm Fenwick & West, the terms of venture financing in the first quarter of 2009 were heavily dominated by “down” rounds–industry jargon for saying that companies are getting much lower valuations than they previously commanded.

The Naked VC: Tim Draper Unveils His Investing Secrets for Astia

Last night, I was the master of ceremonies, as I have been for several years, at the laudable annual Astia Awards Dinner, which celebrated venture firms that support women-led companies. And VC Tim Draper really went above and beyond in showing–quite literally–his support.