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

November 18, 2025
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Stephen Curry’s recent split from Under Armour after more than a decade of partnership highlights a simple truth. Control of your intellectual property is control of your future. For founders, IP is often the most valuable asset they will create. It determines leverage, long-term valuation, and whether the brand they built remains theirs as the company grows.
November 4, 2025
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Getting your founder split right (and fixing it when it’s not) is one of the most important legal and governance steps before your first institutional raise. At Founders Law, we advise clients to treat equity structuring as a living process—something that should evolve with the company rather than remain static. Here’s how to think about it pragmatically, and what to do if the original allocation no longer fits your company’s reality.