Matthew McElwee

Founder & Managing Member

Matthew McElwee is the Founder and Managing Member of Founders Law. He advises founders, startups, growth-stage companies, and venture capital funds, taking a uniquely practical approach to any legal issue that affects his clients.

In his role as outside corporate counsel, Matthew is the first and often single point of legal contact for his clients, working with specialist providers as-needed and advising his clients on a wide variety of corporate matters, including entity formation, commercial contracts, employee matters, and raising capital. As a founder, investor, and former operator, Matthew is uniquely familiar with entrepreneurship, company formation, and the acquisition and management of funding for startups.

Matthew has worked at some the largest firms in Chicago, IL (Kirkland & Ellis; Neal, Gerber & Eisenberg; and McDonald Hopkins), but launched Founders in 2020 to tailor his approach and his rates to the early-stage startups that he loves to work with.

Matthew earned his J.D., summa cum laude, from Chicago-Kent College of Law in 2016 and his B.S. in Business Administration from Southern Illinois University Edwardsville in 2012.

Insights & Articles

January 17, 2026
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The Chicago Bears are often discussed as one of the NFL’s most historic franchises. From a corporate governance perspective, however, the Bears look far less like a traditional sports team and far more like a founder-controlled company. For more than a century, ownership and decision-making authority have remained within the hands of the Halas family. That structure closely mirrors the way many startup founders seek to retain control of their companies’ cap tables and boards even as outside investors come in and enterprise value scales into the billions.
December 16, 2025
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Understanding whether a holding company is right for your venture—and how it works—can provide a significant advantage in scaling your business safely and strategically.