- Pitch deconstruction with Javier Soto , Elaine Werffeli, and Yoko Okano
University of Washington: CoMotion$10.00
On the Startup Journey, the pitch is a key part of engagement between a startup and investors. Everyone on the team needs to be able to make a credible and succinct pitch about the startup and what you're doing. Frequently, startups receive little feedback about the pitch from investors or angel groups. The startup does not get feedback about what was missing, what the investors were concerned about, or even what came across clearly. During this Pitch Deconstruction workshop, any of the companies that come will have the chance to give their 1-minute pitch. The audience will then vote for who they would like to hear more from, and those winners (typically 5-6) will then give 3-minute pitches. Note: The 1-minute pitches should not include slides. The 3-minute pitches can include a slide deck. We'll have active investors at the event to provide general feedback to all of these 1-minute pitches and more direct feedback for the 3-minute pitches. Do you know a company that would find it useful to get more clarity about what investors are hearing when they listen to their pitch? Please invite them to come to this workshop.
- Startup Legal Agreements with Daniel Neuman
- Angel 101 with Elaine Werffeli
Angel Investing is its own kind of process. It has different characteristics than most investing. To learn more about Angel Investing, we recommend the book by David S Rose called " Angel Investing". There are key things to know about Angel Investing, which when done well can make this an interesting asset class for investment.
- Evaluation of Indie VC Terms with Luni Libes + Geoff Harris
University of Washington: CoMotion$10.00
One of the four critical factors of a venture investment is the structure of the deal. The traditional Preferred Equity agreement or the newer Convertible notes or SAFE Agreements all focus on a specific kind of company. There are a small number of companies that these structures support. The folks at Indie.vc have come up with a set of deal terms that provide an new set of deal terms, which open up a significantly different set of opportunities. These terms have a lot in common with the Equity Redemption deal terms that Luni Libes has been using at Fledge.co, a local impact company accelerator. We will have a discussion by Luni Libes of Fledge and Geoff Harris of Flying Fish Capital about the pros and cons of the Indie.vc terms. Luni Libes is the founder of Fledge.co, an Impact Accelerator which is now in several cities around the world. An regular inhabitant of Impact Hub Seattle, he came from the tech industry and has spent several years working on programs to support Impact businesses. Geoff Harris is a former Manager at Microsoft and alumni of the Seattle Angel Conference. He is a partner at Flying Fish Ventures, a new Series A Venture Capital Firm in Seattle.
- Calculating Dilution with Carter Mackley
In the beginning, the founders of a company own all of the stock. As they take outside funds and sell stock, each round dilutes the current stock owners. Overly zealous Angel Investors and misplaced donations of stock to vendors can lead to unexpected results later in the process. Carter Mackley will walk through the process of understanding stock dilution, cap table calculations and the ways that Startup Founders need to track the process of framing their rounds of outside funding. Carter is an experienced securities lawyer who focuses his representation on startup companies. In 2010 Carter left "big law", opting for the low-overhead, virtual-firm style of practice. He formed Mackley & Mackley PLLC with his wife Jennifer. They provide experienced, cost-effective counsel to start-up companies of all types, assisting entrepreneurs with entity formation, founder and employee equity compensation, fundraising, general outside counsel matters, and exit transactions. Mackley & Mackley is an active supporter of the Seattle area angel investor groups and incubators. Carter runs the StartupLawTalk workshop series and www.startuplawtalk.com, the informational website for startup company founders.