

Market dynamics, RIFs, and AI’s role in law with Becki DeGraw | Wilson Sonsini Startup Legal Basics
Jul 27, 2023
Becki DeGraw, a partner at Wilson Sonsini with expertise in startup legal matters, dives into the world of venture capital and law. She contrasts late-stage and seed-stage investing, exploring the resilience of valuations amid tech layoffs. DeGraw discusses the complexities of repricing stock options and the implications of RIFs in the modern workforce. Additionally, she highlights how AI is transforming the legal industry, enhancing efficiency while raising ethical concerns, and reshaping traditional administrative practices.
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Seed Stage Remains Hot
- The seed-stage investment market remains active, even with the downturn in later-stage investments.
- Experienced talent leaving large tech companies contributes to new startup creation.
Repricing Stock Options
- Address underwater stock options in later-stage companies to retain talent.
- Repricing options acknowledges market changes and incentivizes employees.
Goals and Participants in Repricing
- Determine the goals of repricing, like retention.
- Consider who participates, including current, former, and specific roles.