Term Sheets for Growth-Constrained Economic Conditions - 1950
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
Using sample term sheets based on two different Series D down-round financings, Silicon Valley lawyer John Montgomery provides insight into some of the trends and conditions prevalent when securing venture capital financing in a challenging economic climate. Paramount in such transactions is the need to strike a balance between the lowered company valuations caused by the economic downturn and the importance of maintaining management and employee interest in building value in the company.
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Course Outline
Term Sheets for Growth-Constrained Economic Conditions
I. Overview
II. Venture Capital Market
A. Collapse of the Bubble
B. Two Types of Term Sheets
C. Striking a Balance
D. Recalibrating Valuation
III. Class D Convertible Stock Terms
A. Valuation
B. Liquidation Preferences
C. Standard Terms
D. Documentation and Closing Conditions
E. Expensive Transactions
F. Fee Provision
G. Ultimate Valuation
H. Bridge Loans
I. Founding Team Refresher Grants
J. Summary
IV. Red Alert Corp. Term Sheet
A. Down-Round Protections
B. Valuation Negotiations
C. Transaction Timetable
D. Unusual Provisions
E. Capitalization Spreadsheet
F. Antidilution Protection
G. Fees
V. Conclusion
A. Variations on a Theme
B. Looking Ahead
AfterWordsSM
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I. Overview
II. Venture Capital Market
A. Collapse of the Bubble
B. Two Types of Term Sheets
C. Striking a Balance
D. Recalibrating Valuation
III. Class D Convertible Stock Terms
A. Valuation
B. Liquidation Preferences
C. Standard Terms
D. Documentation and Closing Conditions
E. Expensive Transactions
F. Fee Provision
G. Ultimate Valuation
H. Bridge Loans
I. Founding Team Refresher Grants
J. Summary
IV. Red Alert Corp. Term Sheet
A. Down-Round Protections
B. Valuation Negotiations
C. Transaction Timetable
D. Unusual Provisions
E. Capitalization Spreadsheet
F. Antidilution Protection
G. Fees
V. Conclusion
A. Variations on a Theme
B. Looking Ahead
AfterWordsSM
More Information
| Language | English |
| Course Length | 1.17 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)
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