Past Meetup

Term Sheets - Webinar 1 of 3

This Meetup is past

65 people went

Price: $10.00 /per person

GoToMeeting

Online · New York, NY

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Sign Up and RSVP on the Meetup.com Site, to Receive Participation Instructions

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Details

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 of the webinars, 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 first of 3 webinars, which will last 60 minutes, David Rose will review the first half of this body of knowledge that entrepreneurs and investors need to know on term sheets.

Agenda

* Term sheet fundamentals
* Negotiation basics
* Company stakes
- Common stock
- Convertible notes (discounted)
- Convertible notes (priced)
- Convertible notes (capped)
- Convertible preferred
* Conversion
* Amount to be raised
* Valuation
* Valuation and early exits
* Founder stock and employee option pools
* Options / vesting
* Typical option grants
* Typical dilution metrics
* Dividends
* Liquidation preferences, participating / non-participating
* Anti dilution
* Board of directors
- Board composition
- Board compensation
- Board meeting schedule
- Board member insurance (D&O)

Target Audience

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.

Desired Learning

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.

Speakers

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 family fund (hedge + VC) 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-SC 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, 4 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)