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EVENT DETAILS |
Raising VC funding? Looking into Deal Structures?
At this session we will attempt to provide some answers for you with MOFO
Why attend & what are the takeaways?
Venture CapitalOverview:
What is Venture Capital? How does it fit into the world of financing?
There are two types of financing: debt & equity. Debt financing means: I'll give you this money, if you promise to pay it back to me with interest. Equity financing means: I'll give you this money in exchange for owning part of your company.Venture capital(VC) is financial capital provided to early-stage, high-potential, companies in exchange forequityin the companies it invests in.
What is the structure of a venture capitalfirm?
A VC firm is comprised oflimited partners(LP's) andgeneral partners(GP's). Limited partners (pension funds, educational endowments, foundations, insurance companies, wealthy people) are investors in the venture capital firm's fund. General partners (ex-CEO's & founders) are are the ones who run the fund, source deals, make investment decisions, & maintain the portfolio.Fun Fact: 99% of the fund comes from LP's while 1% comes from the GP's.
What are the different sources ofcapital?
Angels:A wealthy individual who invests their own money, usually in a business in which they have expertise. These are ex-founders & wealthy people.
Super Angels:An angel who is the lead investor of a group of angels (syndicates).
Micro Seed Funds/Accelerators:Small funds that do a lot of small investments in exchange for a small amount of equity. Accelerators tend to sell themselves as providing additional support such as mentorship, business connections, & a range of professional services (such as help on the legal part of your company).
Venture Capital:Medium funds that invest greater amounts of capital for greater amounts of equity. Examples of these areAndreeseen Horowitz,Sequoia Capital,Google Ventures, etc.
What is Growth equity
What are the different types ofrounds?
Seed: Initial funding to build initial product & prove business model
Series A: Build core team & launch core product
Series B: Expand team & expand product portfolio
Series C: Scaling the business model
Series D+: Geographic expansion of business
This & much more will be covered in this sesison.
ABOUT PRESENTER:
(From wiki)
Morrison & Foerster represents a broad cross-section of clients, including technology & life sciences, Fortune 100 companies, andfinancial institutions.[3]The firm also advises startup companies & investment funds.
In July 2013, Morrison & Foerster representedSoftBankin its $21.6 billion acquisition of a 78 percent stake inSprint Nextel.[6]According toThe Wall Street Journal, the transaction was "one of the most complex & unusual deals in the annals of takeovers."[7]The firm also represented SoftBank, a longtime client, in Alibaba's U.S. IPO-the largest IPO in history-and in the carve-out & restructuring of Alibaba's financial services businesses in preparation for the IPO
Mofo is working with emerging companies & startups & speaking engagement at ActionSpot is great representation of such effort.
Follow on Sessions:
1/18 - Most Common Legal Mistakes of Startup Entrepreneurs
2/15 - Startup Equity Incentives3/15 - Follow-on Venture Financing Complexities4/19 - Selling Your Startup
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