Based on the very successful in-person workshop on term sheets conducted in 2011, David Rose and Avi Fogel will be delivering all this knowledge online.
The live online webinars will also be recorded, for free viewing by attendees, as an ongoing source of reference for 12 months, and to allow those that may have missed one, to catch up using the recorded versions.
We will conduct 3 webinars - all on Tue. at 5PM EST:
April 3 - Term sheet details - 1, David Rose
April 17 - Term sheet details - 2, David Rose
May 1 - Term sheet, cap table, financing calculations and spreadsheets - Avi Fogel
In this third of 3 webinars, which will last 60 minutes, Avi Fogel will review some of the math and the Excel tools which are useful in capitalizing startups.
- Cap table example – WebCo – incorporation, option plan, round A, round B
- Example of financing / returns model for an angel funded company (CoolCo) vs a VC funded company (HotCo)
- Example financing model PerfectCo
- Liquidation preferences example - participating vs non participating preferred
- Anti-dilution example
Entrepreneur leaders and investors, as well as service professionals and academics who desire to understand the basic business terminology, perspectives and math associated with building and funding startup businesses.
Upon completion, the attendee will have learned all the major factors showing up in startup funding deals. This will enable a faster, more collaborative funding effort for both investor and entrepreneur.
David S. Rose - founder and Chairman Emeritus 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 Gust, 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.
Avi Fogel - a member of the board of directors of New York Angels, runs Majorlee Investments, a small hedge fund and VC fund focusing on tech companies.
Avi has been the CEO of four technology startups
- LANNET, Inc (The US subsidiary of LANNET, an Israeli LAN switching vendor). LANNET was public on NASDAQ and was then acquired by Madge Networks.
- CommHome Systems - a residential gateway startup which was acquired by Network-1
- Network-1, an intrusion prevention software vendor, which was public on the NASDAQ and sold its consulting division to Exodus Comm's.
- ProActivity - an Israeli process management software vendor which was acquired by EMC.
Avi has made 13 angel investments, 5 of which have exited.
Avi sits on the board of Localytics, a mobile analytics vendor and is a graduate of Israel's Technion (B.Sc.E.E) and Babson College (MBA - Summa Cum Laude)