Next Meetup

Rob Fitzpatrick: Understanding equity investment, dilution, and term sheets
Best selling author and Y-Combinator alum, Rob Fitzpatrick, is going to lead an educational session to help you better understand the legals and financials around raising equity funding (like from a VC, angel, or accelerator). In particular, we'll talk about: -> Dilution and equity math: what's really happening when you "get diluted" and your percentage of ownership goes down? Is it bad or is it normal? How does it affect you? We'll simplify the math and the buzzwords. -> The differences between "normal" funding and the newer "convertible notes" and SAFEs ("simple agreement for future equity") which are becoming more common in early-stage deal -> The question of power: how much control does an investor really get over your business? What choices and freedom do you lose when you accept funding? (Plus, important and dangerous terms that you should watch out for on a term sheet.) -> The question of failure: what do you owe them (if anything) if you have to shut the business down? What does that process look like? -> With plenty of time for any other questions. Please note that this session is NOT about how to pitch or how to convince investors to fund you, and we won't be answering any questions about how to raise money for your particular business. Rather, it's going to be focused on better understanding the process and implications, so that you can decide if it's right for you, avoid the major traps, and go into fundraising with confidence. Rob Fitzpatrick Taught by Rob Fitzpatrick, a tech entrepreneur of 10 years who has raised funding in the US & UK and been through YCombinator. He has also spent plenty of time bootstrapping, and is the author of The Mom Test about how to talk customers when everyone is lying to you.

OneCoWork - Plaça Catalunya

Carrer d'Estruc, 9, · Barcelona

    Past Meetups (74)

    What we're about

    Barcelona Lean Startup Circle is the Barcelona non-profit local group for passionate people who are interested in lean startup, entrepreneurship, customer development, business model generation, lean ux and startup metrics.

    Who we are?

    We are a group of people that love the Lean Startup approach. We are constantly seeking for good quality speakers, national and international ones, encouraging peer-to-peer discussions to empower the true leaders of Lean Startup in our local area.

    What do we do?

    We bring the Barcelona lean startup community together in a variety of formats (many of which involve beer) to learn from each other: expert talks & Q&A, 5-minutes startup pitchs and peers' feedback, fishbowl discussions, roundtables, workshops.

    Most of them are free and we offer the possiblity of give a donation here (https://www.eventbrite.es/%20http:/barcelonaleanstartupcircledonation.eventbrite.es). Other times are paid to get better experts to deep on specific topics. This i a non-profit group and all the incomes go to make it soustainable and have the possibility to bring people from abroad, covering their flights or accomodation. If want to know more, please ask.

    What to do before coming if you are new on Lean Startup issues?

    We highly recommend you to check our information pages, where you will find interesting information about the movement, and this 15-minutes video (http://www.youtube.com/watch?v=i65PaoTlVKg).

    What else to do?

    Joint us and come!

    Barcelona Lean Startup Circle (http://barcelona.leanstartupcircle.com/)

    If you like this group, you might want to have a look at the Lean Startup Circle Forum (http://www.leanstartupcircle.com/) and the Lean Startup Circle Foro en español (https://groups.google.com/forum/?hl=es&fromgroups#!forum/lean-startup-circle-en-espanol).

    * The Lean Startup is a trademark and service mark owned by Eric Ries. *

    ** We are part of the Lean Startup Circle (http://www.leanstartupcircle.com/) community, born in San Francisco at the earliest stage of this movement.

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