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.

If you are interested in meeting with David after the workshop, please sign up for office hours here.