Structuring Venture Deals Across All Stages of Life in Tech

Speakers

Rita Astoor Carta	Dane Patterson Goodwin	Heidi Shortz Walas Gunderson	Michelle Edwards Perkins Coie	Lindsey S. Mignano SSM

When drafting and negotiating documents in a venture capital transaction, startup company counsel must thoroughly understand the deal terms, analyze the current market and the way it may affect negotiating power in early-, growth-, or late-stage startup financing, and be mindful of vertical- and investor-specific considerations.

Deal structures may take the form of a convertible promissory note, Y Combinator’s model Simple Agreement for Future Equity (SAFE, and the variations of that including SAFT and SAFW), preferred stock (Series Seed or A, for example) depending on the round size and other considerations such as cost and speed of closing. Negotiated provisions include the composition of the board of directors, protective provisions/veto rights, anti-dilution, and other “market” investor protections.

On July 28, 2020, the National Venture Capital Association (NVCA) released updates to its model documents for priced round raises, including the provisions reflecting new final regulations implementing the Foreign Investment Risk Review Modernization Act of 2018 which expanded the review of foreign investments by Committee on Foreign Investment in the United States (“CFIUS”), as well as other significant changes.

Topics

• How do deal terms differ in early versus late-stage venture capital investment?
• What are the advantages and disadvantages of using convertible notes, SAFEs, versus Model National Venture Capital Association (“NVCA”) Series Seed or A documents in priced equity rounds?
• What “optional” NVCA clauses are essential and in which situations?
• How might differing perspectives and interests of strategic investors and impact investors affect terms?
• What are the legal implications of including foreign investors in rounds for US companies? 

Thank You To Our Sponsors
(as of 8/25/23)

 CARTA
Goodwin
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian
Perkins Coie
SSM
SVB (Silicon Valley Bank)

Event Code: G230103
For a printable flyer, click here.
For related events, click here. 

This is a hybrid event. You have two ticket options, please select one.
* Pre-Registration is required for either option
- Virtual Option (must be pre-registered for this option)
- In-Person Option (Limited Spacing -must be pre-registered for this option)

Location 
201 Mission Street, Suite 400, San Francisco, CA

Cost

To Register

1. Sign-in to your account and select Register Myself at the bottom of the page.
   • Use Forgot Username or Forgot Password if you don't know your account information. Don't have an account? Select Create Account. 
2. Select Proceed to Checkout to enter payment information, submit your order and complete the registration process.

For CLE events of 1.5 hours or less, Lunch & Learn programs, Happy Hours, Receptions, and Mixers, a refund is available if you submit your cancellation request at least 48 hours prior to the event. A $10 handling fee will deducted from your refund. Please complete the Event Cancellation Form.

For CLE events longer than 1.5 hours, and for special events such as conferences, symposiums, professional development training programs, a 50% refund is available if you cancel at least 10 business days prior to the event. Please complete the Event Cancellation Form.

If you are unable to attend, you may send a substitute. Please complete the Event Cancellation Form.

MCLE Notice

To receive MCLE credit, you must sign in during the designated MCLE registration period. This activity is approved for Minimum Continuing Legal Education credit by the State Bar of California. BASF is a certified provider: Provider #103

Accessibility

People with disabilities and/or special requests should contact BASF regarding reasonable accommodations.