Introduction to the Venture Capital Term Sheet Process - 1941
Price: $ 119.00 (USD)
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You will receive 1 credit (CE) upon completion of this course.
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Course Description
Obtaining a term sheet from a venture capital firm is no easy task these days, and the terms are likely to strongly favor investors, in distinct contrast to the times before the dot-com bubble burst. In this introductory course, Silicon Valley lawyer John Montgomery discusses the fundamental principles and key issues underlying venture financing, with particular focus on valuation. As he steps through the terms likely to be up for negotiation in a Series A financing round, including dividends, liquidation preferences, and antidilution protections, Mr. Montgomery offers insight into the implications of each term and provides suggestions for maximizing effectiveness and meeting the interests of all parties involved.
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Course Outline
Introduction to the Venture Capital Term Sheet Process
I. Overview
II. Fundamental Principles
A. Understand Your Client
B. Understand the Market
C. Minimize Issues
III. Key Issues
A. Valuation
B. Pre-Money Valuation
IV. Series A Preferred Stock Terms
A. Dividends
B. Liquidation Preference
C. Conversion
D. Antidilution Protection
E. Registration Rights
F. Board of Directors
G. Protective Covenants
H. Lockups
I. Restated Articles of Incorporation
V. Miscellaneous Terms
A. Minimum Offering Amount
B. Employee Shares
C. Suitability Standards
D. Due Diligence, Purchase Agreement
E. Expenses
F. Opinion of Counsel
VI. Other Common Terms
A. Right of First Offer
B. Information and Observer Rights
C. Antidilution Adjustment, Right of First Refusal
D. Conversion of Notes
AfterWordsSM
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I. Overview
II. Fundamental Principles
A. Understand Your Client
B. Understand the Market
C. Minimize Issues
III. Key Issues
A. Valuation
B. Pre-Money Valuation
IV. Series A Preferred Stock Terms
A. Dividends
B. Liquidation Preference
C. Conversion
D. Antidilution Protection
E. Registration Rights
F. Board of Directors
G. Protective Covenants
H. Lockups
I. Restated Articles of Incorporation
V. Miscellaneous Terms
A. Minimum Offering Amount
B. Employee Shares
C. Suitability Standards
D. Due Diligence, Purchase Agreement
E. Expenses
F. Opinion of Counsel
VI. Other Common Terms
A. Right of First Offer
B. Information and Observer Rights
C. Antidilution Adjustment, Right of First Refusal
D. Conversion of Notes
AfterWordsSM
More Information
| Language | English |
| Course Length | 1.22 hours |
| Duration of Access | for 3 months from day of enrollment |
| Continuing Education Credits | 1 |
| Instructor | J.B. Montgomery |
| Vendor | Cognistar (Read more about Cognistar accreditation.) |
| Course Certification | CLE credit available, see details for each course for states where available |
| Prerequisites/Audience | intended for attorneys and law students |
| Requirements/Materials Included | computer with Internet access |
Price: $ 119.00 (USD)
Add to Cart