Overview: This “ChalkTalk” is focused on matters of startup capitalization. David Willbrand (bio below) will take the mystery out of the jargon by explaining 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 this 2.5 hour “ChalkTalk,” David will demystify the jargon while unpacking and sharing everything that you need to know.
Startup fundamentals to be discussed include:
- 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
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 two 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
- Research institutions and corporate innovation teams
