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EEC November Webinar: Raising Capital from Investors: A Mock Negotiation
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Emerging Enterprises November Webinar

11/15/2017
When: Wednesday, November 15, 2017
12:00-1:00 p.m. Eastern
Where: United States
Contact: Susan Houchins
703-234-4059

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 Emerging Enterprises Committee Webinar

Raising Capital from Investors: A Mock Negotiation

Date:

Wed., November 15, 2017

Price: Free

 

Time:

12:00 - 1:00 p.m. (Eastern)
11:00 a.m. - 12:00 p.m. (Central)
10:00 - 11:00 a.m. (Mountain)
9:00 - 10:00 a.m. (Pacific)

 

Description:

Many emerging enterprises seek to raise capital from investors to fund product development, market expansion, sales & marketing and other critical business objectives.  How can company leaders identify and select outside investors, choose an appropriate investment structure and negotiate for terms that will position the company and its new investor relationship for success?

This special webinar event will first touch on the unique dynamics of the investor relationship and potential pitfalls from selecting the wrong investor.  We’ll then introduce the typical menu of options for raising early stage investment capital, including Convertible Notes, Simple Agreements for Future Equity (SAFEs) and Series Seed Equity Investments, and discuss the situations in which a company may prefer one structure over another.  Finally, we’ll conduct a mock negotiation of a typical term sheet for a Series Seed Equity Investment, involving several of the following critical terms:

  • Valuation (pre-money vs. post-money)
  • Calculation of price per share with a stock option pool and convertible notes
  • Liquidation Preference (participating vs. non-participating)
  • Dividends (cumulative, non-cumulative, none)
  • Mandatory and optional conversion
  • Anti-dilution protection (full-ratchet vs. weighted average)
  • Voting rights and protective provisions
  • Preemptive rights, ROFR and Co-Sale
  • Director nomination rights and information rights
  • Founder vesting
  • Counsel and investor expense reimbursement
  • No-shop and confidentiality

 

Attendees will gain and walk away with:

  • a better understanding of the potential risks and benefits from outside capital
  • practical insight in how to select an investor and an appropriate investment structure
  • a series seed preferred term sheet that has been vetted by Bold Legal’s experts
  • awareness of the major series seed deal terms, their significance and the investor’s perspective on each


Presenters:

 


 

Jenna Seigel - Bold Legal LLC

Jenna Seigel is a founder and attorney at Bold Legal LLC where her practice focuses on corporate transactions and general business law.  She represents private and public companies ranging from start-ups to large multi-national corporations and investors in connection with corporate and securities matters, mergers and acquisitions, credit finance, corporate governance, company formation and reorganization, venture capital and private equity and equity financings.  Jenna regularly assists clients with everything from forming a company to convertible debt bridge financings and later stage financings to corporate reorganizations and acquisitions.  She works with companies across industries including retail and restaurants, real estate, technology, consumer packaged goods, marijuana, oil and gas, and banking, among others.  Jenna has worked in firms both in Colorado and Florida.  She received her law degree from the University of Colorado Law School and a BA in Journalism with minors in Business and International Studies, summa cum laude, from Pennsylvania State University where she was a Schreyer Honors College Scholar and the Marshall (Valedictorian) of the College of Communications.

Alessandro 'Sandro' Sacerdoti - Bold Legal LLC

Alessandro ‘Sandro’ Sacerdoti is an attorney at Bold Legal LLC, where his practice focuses on the purchase and sale of businesses, equity and debt financings and credit facilities.  Sandro is a trusted advisor for entrepreneurs from early startup phase through financing rounds to exit transactions.  Sandro’s clients have ranged from startups to mature businesses, venture capital investors, private equity funds and investment banks.  Before joining Bold Legal in May of 2017, Sandro practiced corporate law in New York City for seven years at a large New York law firm with a focus on mergers and acquisitions, finance and commercial transactions across a variety of industries, and most recently was a lead attorney in the mergers & acquisitions and finance practice at Modus Law, Ltd. in Boulder, Colorado. Sandro earned his J.D., cum laude, from the Boston University School of Law, and a B.A. from Middlebury College


Sponsor: 

Bold Legal is a boutique transactional and business law firm boldly committed to providing clients with sophisticated legal services, business acumen and practical efficiency while maintaining a firm culture and work environment steadfastly honoring its core values: integrity, accountability, mutual respect and boldness. With offices in Denver and Boulder serving clients both statewide and nationally, Bold provides counsel on a variety of matters including mergers and acquisitions, securities, venture capital, private equity, credit finance, startup formations, governance, employment, equity incentive plans, technology licensing and commercial contracts. Bold Legal provides innovative and intelligent solutions to legal and business issues and challenges the norms and conventions of traditional legal practice. For more information, please visit us: www.bold.legal