The Workshop - Come learn with New York City's largest Angel Group!
As an entrepreneur - will you prefer an equity round or a convertible note round - which is preferred by whom and why? It is now common to see most deals with participating preferred - what does it mean, and how does the math work in an exit scenario? What kind of anti-dilution protections are there and what are the differences?
These and many other questions are encountered by investors and entrepreneurs alike every day.
The workshop will once and for all put all these concepts and considerations in order for you.
Presented by three dynamic speakers, with extensive experience in venture creation, and integrated with interactive exercises and mock negotiations - this workshop is a must for those focused on building or investing in new ventures.
The high level agenda will be as follows:
07:30AM - 08:00AM - Registration, breakfast and networking
08:00AM - 11:30AM - workshop, including exercises, mock negotiations and interactive Q&A
The following high level topics will be covered:
* equity types and convertible loans
* how much should be raised
* pre-money, post-money, price per share - valuation vs. other incentives, pre and post cap tables
* liquidation preferences
* anti dilution provisions
* protective provisions
* post funding board composition
* setting up appropriate option pool
* some key tips to entrepreneurs and to investors (not necessarily the same tips!)
* negotiation tips and mock negotiations
A hard copy of the presented materials will be provided to paid attendees.
David S. Rose, founder and Chairman of New York Angels, is a serial entrepreneur who has founded half a dozen companies and an active 'super angel' investor who has funded 80 others. He is Managing Principal of Rose Tech Ventures, an early-stage fund specializing in Internet-based business; Chairman of Egret Capital Partners, a middle market private equity firm; and CEO of Angelsoft, the company that operates the global infrastructure for the early stage financing industry. He has been named an Inc 500 CEO by Inc magazine, "the father of angel investing in New York" by Crain's New York Business, "patriarch of Silicon Alley" by Red Herring magazine, and a "world conquering entrepreneur" by BusinessWeek, which also nicknamed him 'The Pitch Coach' for his training of entrepreneurs seeking funding from venture capitalists and angel investors.
David has been involved in the development of the Silicon Alley technology community in New York for many decades, including working with online data services in the 1970s, founding an early personal computer training company in the 1980s, a wireless data information network in the 1990s and an international angel investing platform in the 2000s. He is an associate founder of Singularity University, where he chairs the Finance and Entrepreneurship track, and is currently hosting the online reality web series 'Second Chance' on MSN. He has a BA from Yale, an MBA from Columbia Business School, and a D. Eng. (hc) from Stevens Institute of Technology.
Adam Dinow is a partner in the New York office of Wilson Sonsini Goodrich & Rosati. Adam's practice entails the representation of privately and publicly held emerging growth companies, venture capital funds, and leading investment banks, with a particular focus on private placements and venture financings, mergers and acquisitions, and public offerings of equity securities. Adam also has participated in hostile-takeover defenses, as well as private equity and leveraged-buyout transactions.
Adam is an active member of the technology community. He serves on the board of the New York Technology Meetup and has lectured on corporate law issues at Columbia University, Johns Hopkins University, and Brooklyn Law School.
Selim Day is a corporate partner in the New York office of Wilson Sonsini Goodrich & Rosati. His practice includes:
* mergers and acquisitions
* capital markets and securities law
* emerging growth company representation
* corporate governance
Selim's M&A practice includes buy-side and sell-side representation. Selim has significant experience in contests for corporate control, including proxy contests, tender offers, settlement agreements, and white-knight transactions.
Selim's capital markets and securities law practice includes the representation of both issuers and underwriters in capital markets transactions. He has represented most leading investment banks, and also represents public companies in Securities and Exchange Commission compliance matters.
His emerging growth company practice involves representation of companies in all stages, from start-up to public company. Selim also represents venture capital and angel investors. His clients participate in a wide range of technology sectors, including the Internet, digital media, software, semiconductors, biotech, and clean technology.