A leading figure in the market, who "always has a creative solution for the most difficult problems and is ferocious in protecting the interests of his clients."
Chambers USA

Jorge del Calvo represents public and private technology companies in mergers and acquisitions, public offerings, private placements and joint ventures, investment banks in equity, debt and other transactions, and venture and private equity funds in their formation and investments. Mr. del Calvo's clients range in size from unfunded start-ups to Fortune 500 companies. He is particularly experienced with the business and legal issues implicated by rapid growth and disruptive technologies. Twenty of the companies Mr. del Calvo has represented achieved valuations in excess of $1 billion. Ten of these twenty companies were represented by Mr. del Calvo since their incorporation. Included among these companies are JUUL Labs ($12.8 billion private placement), Netcom (the first internet IPO), WebEx (the first SaaS IPO),1 and SunPower (the first solar IPO).

Mr. del Calvo was chosen out of 186,000 California lawyers as one of the “Top 100 Lawyers” in the state from 2014-2017 by the Daily Journal (California’s leading legal newspaper). He has been rated by Martindale-Hubbell as an AV® PreeminentTM attorney, the highest possible peer review rating in legal ability and ethical standards, for the last twenty-five years. He was ranked by Chambers USA among the top lawyers in California for Capital Markets: Debt & Equity from 2014-2018, and Corporate: Venture Capital from 2005-2018 and on the national level for Investment Funds: Venture Capital from 2014-2018. Mr. del Calvo was listed in Best Lawyers in America for Corporate Law, Leveraged Buyouts and Private Equity Law, Mergers & Acquisitions Law, Securities/Capital Markets Law and Venture Capital Law from 2006-2019. He was also listed in The Legal 500 U.S., as a top attorney for Venture Capital and Emerging Companies from 2009-2018 and Middle-Market M&A for 2016-2018. Mr. del Calvo was named in Super Lawyers from 2004-2018.  He was also named a leading lawyer in Capital Markets: Equity; M&A USA by International Financial Law Review's 2019 IFLR1000 guide.

Mr. del Calvo is one of the most prolific and experienced IPO attorneys in the country. He has consistently ranked as one of the top attorneys in the country in representing issuers in completed technology IPOs and has been involved in over 100 public offerings. Mr. del Calvo has also represented major technology investment banks in equity, debt and other transactions, including work on IPOs representing Barclays, Deutsche Banc, Goldman Sachs, Jefferies, JP Morgan, Morgan Stanley, Needham, Oppenheimer, Stifel and UBS. Additionally, Mr. del Calvo has worked on a number of high profile IPO spin offs including Network Solutions, Sunpower and Synnex Corporation.

During his career, Mr. del Calvo has handled over one hundred merger and acquisition transactions, including the representation of Atheros in its $3.6 billion acquisition by Qualcomm, WebEx in its $3.2 billion acquisition by Cisco, Nicira in its $1.26 billion acquisition by VMware2, and Financial Engines, Inc. in its $560 Million acquisition of The Mutual Fund Store. He also has extensive experience in counseling public companies and their boards with respect to hostile takeovers, proxy contests, special investigations and corporate governance issues.

Mr. del Calvo joined Pillsbury in 1982 and was made a partner in 1990. He served as leader or co-leader of the firm's National and Silicon Valley Corporate Securities and Technology group from 1994 to 2005, as a member of the firm's board from 2006 to 2011, and as Chairman of its Finance Committee from 2006 to 2010.

Among the public companies Mr. del Calvo has represented as lead outside counsel are:

AboveNet Communications Inc.
Alliance Fiber Optic Products, Inc.*
Atheros Communications, Inc.*
Business Insurance Corp.*
CafePress, Inc.*
Centillium Communications, Inc.
Critical Path, Inc.*
Envivio, Inc.*
Exar Corporation
eTelecare Global Solutions, Inc.*
Financial Engines*
Ikanos, Inc.
Inphi, Inc.*
Invensense, Inc.
Magma Design Automation, Inc.*
Mission West
MicroLinear, Inc.
Netcom On-Line Communications Service, Inc.**

Network Solutions, Inc.* ****
NexGen Inc.*
Paradigm, Inc.*
PeopleSupport Inc.*
Pixelworks, Inc.
PLX Technology, Inc.
PortalPlayer, Inc.*
Savoir Technologies, Inc.
SiRF Technology Holdings Inc.*
SONICblue Incorporated (formerly S3, Inc.)*
SunPower Corporation***
SupportSoft, Inc.*
SYNNEX Corporation*
Tvia, Inc.*
Techwell, Inc.*
WebEx Communications, Inc.*

* Represented on IPO
**First Internet IPO
***First Solar IPO

****Represented on $2.2 billion secondary which was at the time the largest internet secondary offering ever completed

His representation of public companies emphasizes corporate governance, including the Sarbanes-Oxley Act, Dodd-Frank Act, JOBS Act, and new stock exchange governance initiatives, as well as the law regarding public disclosures through periodic reports to the SEC, proxy statements, press releases and the like. He has represented private companies in connection with various equity and debt financings, shareholders' agreements and other arrangements among shareholders of closely held entities. He regularly consults with public and privately-held companies and their boards concerning issues involving the fiduciary duties of directors, corporate control issues and similar matters.

Mr. del Calvo also has extensive experience as counsel in mergers and acquisitions and other strategic transactions public and private. Included among the transactions he has been involved with are:

  • $12.8 billion investment by Altria in JUUL Labs at a $38.5 billion post-money valuation.
  • $3.6 billion acquisition of Atheros by Qualcomm, Inc.
  • $3.2 billion acquisition of WebEx Communications by Cisco Systems, Inc.

  • $2.43 billion acquisition of Convergys by SYNNEX' Concentrix Division.
  • $1.3 billion acquisition of InvenSense, Inc. by TDK Corp.
  • $1.3 billion acquisition of Mission West by TPG Capital Inc.
  • $1.26 billion acquisition of Nicira by VMWare.
  • $850 million acquisition of NexGen, Inc. by Advanced Micro Devices, Inc.
  • $770 million acquisition of Applied Micro Circuits by MACOM Technology Solutions Holdings Inc.
  • $700 million acquisition of Exar by MaxLinear Inc.
  • $600 million acquisition of Intel communications processor product line by Marvell, Inc.
  • $580 million acquisition of Litepoint by Teradyne.
  • $560 million ($250 million in cash and 10 million shares of common stock) acquisition of The Mutual Fund Store, LLC by Financial Engines, Inc.
  • $505 million acquisition of IBM’s $1.2+ billion CRM BPO business by SYNNEX Corporation.
  • $500 million acquisition of Analogix by Chinese investment fund Beijing Shanhai Capital Management Co.
  • $425 million acquisition of Mobile 365, Inc. by Sybase, Inc.
  • $418 million acquisition of Techwell by Intersil.
  • $357 million acquisition of PortalPlayer, Inc. by NVIDIA Corporation.
  • $326 million acquisition of Tensilica by Cadence Design Systems.
  • $305 million acquisition of Alliance Fiber Optic Products, Inc. by Corning Incorporated.
  • $300 million acquisition of RemarQ Communities, Inc. by Critical Path, Inc.
  • $298 million acquisition of PLX Technology, Inc., by Avago Technologies.
  • $290 million acquisition of eTelecare Global Solutions, Inc. by Providence Equity Partners, Inc. and Ayala Corp.*
  • $283 million acquisition of Centrality Communications Inc. by SiRF Technology Holdings Inc.
  • $275 million acquisition of ClariPhy Communications by Inphi Corporation.
  • $255 million acquisition of NETCOM On-Line Communication Service, Inc. by IGC Communications, Inc.
  • $255 million acquisition of Validity Sensors, Inc. by Synaptics Inc.
  • $250 million acquisition of PeopleSupport by AEGIS BPO Services Ltd.
  • $250 million (including potential earn-out) acquisition of RMI by Netlogic.
  • Undisclosed acquisition of Skyhigh Networks, Inc. by McAfee.

Italicized companies are the clients in the transactions.
*Structured as a go-private transaction in accordance with applicable U.S. SEC regulations.

Additionally, Mr. del Calvo has been involved with over one hundred smaller M&A and strategic transactions.

Mr. del Calvo has also represented a number of venture funds (including Walden, Walden-Riverwood, NEA China, Redwood Ventures IV and Raza Venture Fund A and B) and incubators (including New Path, LLC and Raza Foundries) in connection with their formation and has represented a number of venture capital funds, private equity funds and investors in private placements of equity and debt.

Mr. del Calvo is a Coordinating Editor of the Venture Capital and Public Offering Negotiation, a two-volume treatise for lawyers. He has also been a Visiting Lecturer at Stanford Law School where he has taught several corporate law courses and was a panelist on several Continuing Education for the Bar (CEB) courses.

Mr. del Calvo is a charter member of the Silicon Valley chapter of the Indus Entrepreneurs (TiE), Asian American Multicultural Association (AAMA), and HispanicNet. He has been a speaker at various conferences sponsored by TiE, AAMA, HispanicNet, and other industry organizations.

Mr. del Calvo is currently serving on the board of Xio, Inc., and has previously served on the boards of Berkeley Process Control, Columb, Inc., Riverstone Networks (RSTN), Procket Networks, Deepa Textiles, Xambala, the Vinters Alliance LLP and New Path, LLC. He also served on the Board of several non-profit entities, including Job Train Inc. and the Center for Vietnamese Refugee Resettlement. He was also a member of the Equity Capital Foundation Task Force that was founded in June 2013, in part, to develop recommendations for policy makers for amendments to the JOBS Act to help companies gain greater access to capital.

  1. Salesforce invented the term but WebEx was the first hosted service provider to go public.
  2. Chosen as Tech Deal of the Year by 451 Research.


American Bar Association

External Publications

The Harvard Environmental Law Review, Markets in Air: Problems and Prospects of Controlled Trading. Volume 5. Number 2 1981

Venture Capital & Public Offering Negotiation, Third Edition Volume 1 and 2. Co-authors - Michael J. Halloran; Lee F. Benton; Robert V. Gunderson, Jr.; Jorge del Calvo; Thomas W. Kintner


  • J.D., Harvard Law School, 1981
    cum laude

    M.A., Public Policy, Harvard University, 1981

    M.A., Latin American History, University of California, Los Angeles, 1978

    B.A., Stanford University, 1977
    with distinction, Phi Beta Kappa

    University of the Philippines


  • California


  • Spanish