Patricia Burnett

Patricia Velarde Burnett

Email Patricia  |  602-381-5492

Patricia is not just a legal advisor but a strategic partner who provides practical and actionable advice to her clients.

Patricia focuses her practice on guiding businesses through all stages of growth, from structuring ownership and governance protocols to navigating capital raises, debt financing transactions, mergers and acquisitions, and other strategic transactions, particularly with respect to emerging growth and venture-backed companies.

Patricia understands the unique challenges and needs that a seasoned or an early-stage founder encounters, and she takes careful effort to communicate legal complexities in a way that’s digestible for non-lawyers, ensuring that her clients fully grasp the implications of their desired course of action. Her goals are simple: mitigate risk, clarify responsibilities, and promote the long-term success and growth of her clients.

Beyond her legal practice, Patricia participates in industry conferences, contributes to legal workshops, and offers mentorship to emerging entrepreneurs. Patricia’s involvement reflects a genuine dedication to nurturing the startup ecosystem and supporting the next generation of founders.

Representative Activities

  • Advise on corporate governance matters.
  • Serve as outside general counsel.
  • Serve as lead counsel in the execution of strategic transactions, including mergers and acquisitions, private equity and venture capital transactions, and other equity and debt financing transactions.
  • Collaborate with founders and their finance professionals, investment bankers, insurance brokers, and other key advisors to identify strategic objectives, implement tax-efficient structures, and evaluate paths for successful financing rounds and exit strategies.

Representative Industries

  • Medical Device Development & Manufacturing
  • Healthcare Software-as-a-Service
  • Telehealth
  • Media
  • Cybersecurity
  • Software Development
  • Commercial Payments
  • Mechanical Parts Distribution
  • Construction
  • Franchise

Representative M&A Transactions

  • Represented a seller in its $115 million cross-border sale to a publicly held strategic acquirer.
  • Represented a seller in its $9 million cross-border sale to a privately held strategic acquirer.
  • Represented a seller in its $50 million sale to a publicly held strategic acquirer.
  • Represented a seller in its $30 million sale to a publicly held strategic acquirer.
  • Represented a seller in its $70 million sale to a publicly held strategic acquirer.
  • Represented a seller in its $20 million sale to a private equity firm.
  • Represented a seller in its $16 million sale to a private equity firm.
  • Represented a seller in its $12 million sale to a private equity firm.
  • Represented a buyer in its $90 million purchase of a target.
  • Represented a buyer in its $17 million purchase of strategic assets in connection with a target’s forced asset divestiture by the Federal Trade Commission.

Representative Financing Transactions

  • Represented multiple venture capital funds in connection with their debt financing investments in various portfolio companies.
  • Represented numerous companies in connection with their equity and debt financing transactions with angel, seed, simple agreement for future equity (SAFE), and institutional investors.
  • Represented numerous emerging companies in connection with their convertible promissory note and SAFE offerings.

Activities & Memberships

  • Mentor, Venture Madness by Invest Southwest
  • Mentor, Arizona Innovation Challenge by Arizona Commerce Authority
  • Executive Articles Editor, Arizona State Law Journal (2009-2010)
  • Articles Committee Chair, Arizona State Law Journal (2008-2009)

Education & Admissions

  • J.D., Sandra Day O’Connor College of Law, Arizona State University, 2010; cum laude; Willard H. Pedrick Scholar
  • B.S., Public Relations, The University of Texas at Austin, 2004
  • Admitted in Arizona