Update on COVID-19: The Harvard Innovation Labs has always been a hub for inventive thinking. All our programming and events will continue virtually. We will email Zoom information after you register.
Speaker: David Willbrand
Speaker Bio: David is Chair of the Early Stage & Emerging Company practice group at Thompson Hine LLP (and a Harvard alum). He’s practiced in the space for 25 years, and along the way has also launched 2 venture-backed startups. He also teaches Startup and Venture Capital law at the Syracuse and Cincinnati Law Schools, and teaches M&A at the University of Michigan Law School. He specializes in the following areas:
• Entrepreneurs and emerging companies,
• Accelerators and incubators,
• Early-stage investors and venture capital funds, and • Research institutions and corporate innovation teams.
Overview: This “ChalkTalk” is focused on matters of startup capitalization. Willbrand takes the mystery out of the jargon, explaining in accessible language what a cap table is, how it comes together, how it evolves and, most importantly, how startups raise money!
If you are a founder or entrepreneur (or thinking about making that leap), chances are you are a world-class expert in certain areas of your startup (e.g., intellectual property, product development), and have a passing familiarity with other areas (e.g., marketing, human resources). Where you likely have little-to-no experience is all the legal stuff – particularly all the factors involved in organizing, capitalizing and financing a startup.
In “ChalkTalk,” David Willbrand will demystify the jargon while unpacking and sharing everything that you need to know.
Basic highlights:
– Balance Sheets and M&A
– Cap Tables
– Founders Stock
– Options and Restricted Stock
– Vesting and 83(b) Elections
– 409A
– 1202 QSBS
– Calculation of Purchase Price/FMV
– Valuation and Dilution
– Total Addressable Market
– Convertible Notes and Warrants
– SAFEs
– Discounts and Caps
– Participating and Non-Participating Preferred Stock
– And more, including YOUR questions!
