This is a webcast of the live San Francisco session.Why you should attend
At this program, our expert faculty of lawyers, venture capitalists and business executives will analyze the legal and business issues relevant to navigating today’s evolving venture capital world. Geared toward the experienced venture capital practitioner who knows the basics of venture capital and is seeking an in-depth analysis of current market conditions and the changing legal environment, this program will also address the latest financing trends, current deal terms, exit strategies and the legal and practical implications of the new securities laws on the venture capital market.
What you will learn
- State of the industry: update on recent developments, including new fund formation, investment trends and regulatory developments
- Recent trends in seed stage and venture capital financing terms
- Crowdsourcing capital and crowdfunding developments
- Corporate governance issues in venture-backed companies
- Corporate spinouts, corporate partnering, and alternative financing deal structures and issues
- International and emerging markets investing
- Venture-backed company M&A exits and IPOs
Who should attend
This program is designed for attorneys who advise start-up companies and their investors, as well as venture capitalists. It is geared specifically to practitioners seeking a deep understanding of the venture capital field.
PLI Group Discounts
Groups of 4-14 from the same organization, all registering at the same time, for a PLI program scheduled for presentation at the same site, are entitled to receive a group discount. For further discount information, please contact membership@pli.edu or call (800) 260-4PLI.
PLI Can Arrange Group Viewing to Your Firm
Contact the Groupcasts Department via email at groupcasts@pli.edu for more details.
Cancellations
All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.
All times are P.S.T.
MORNING SESSION: 9:00 A.M. - 12:15 P.M. (P.S.T.)
9:00 Introduction and Market Update
- Venture capital fundraising and effects on new investments
- Performance data and benchmarks
Speakers: Kathleen Borie, Katie Knepley Riester
9:30 Key Investment Trends
- Early stage investments – convertible notes, series seed, and other structures
- Series FF Preferred Stock, Dual Class Common Stock and other founder stock structures
- Crowdsourcing
- Current market terms for investments
- Growth equity
Speakers: Danielle Naftulin, Donna M. Petkanics, Kathi A. Rawnsley
11:00 Networking Break
11:15 Corporate Investments
- Increased role of corporate investment funds
- M&A rights
- Other special rights
Speakers: Jennifer L. Kercher, Edward F. Vermeer
12:15 Lunch
AFTERNOON SESSION: 1:15 P.M. - 5:30 P.M. (P.S.T.)
1:15 International Companies
- Foreign direct investment
- Cayman Island and U.S. restructurings
- Special tax, IP, executive compensation and labor/employment issues
Speakers: Paul P. Chen, Susan Repo, Doris Y. Suh
2:15 Corporate Governance and Venture-Backed Companies
- Board structures and conflicts
- Managing board observers
- Down rounds, washout financings, and affiliate transaction issues
- Ethical dilemmas faced by counsel
- Delaware law changes
Speakers: Thomas W. Kellerman, Jeffrey R. Wolters
3:15 Networking Break
3:30 Advanced Exits - M&A, IPO, Secondary Sales
- M&A deal terms, including indemnity and waivers of claims
- Investor issues and protections
- Deal protective measures
- IPO developments, JOBS Act crowdfunding
- Secondary markets and liquidity programs
Speakers: Paul Koenig, Curtis L. Mo, Steven J. Tonsfeldt
5:00 Adjourn
Co-Chair(s)
Jason Doren ~ General Counsel, SVB Capital; Assistant General Counsel, SVB Financial
Speaker(s)
Kathleen Borie ~ Director, Emerging Company Services, PricewaterhouseCoopers
Jennifer L. Kercher ~ General Counsel, Google Ventures; Director, Legal-Investments, Google Inc., Google Inc.
Paul Koenig ~ co-CEO and Managing Director, Shareholder Representative Services LLC
Susan Repo ~ Vice President of Global Tax, Tesla Motors Inc.
Doris Y. Suh ~ Sr. Director Associate General Counsel, Silicon Image, Inc.
Program Attorney(s)
PLI makes every effort to accredit its Live Webcasts. Please check the CLE Calculator above for CLE information specific to your state.
PLI's Live Webcasts are approved for MCLE credit (
unless otherwise noted in the product description) in the following states/territories: Alabama, Alaska, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois, Indiana
1, Iowa*, Kansas*, Kentucky*, Louisiana, Maine*, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, New Hampshire*, New Jersey, New Mexico, Nevada, New York
2, Ohio
3, Oklahoma, Oregon*, Pennsylvania
4, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia
5, Virgin Islands, Washington, West Virginia, Wisconsin, and Wyoming*.
*PLI will apply for credit upon request.
Arizona: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
Arkansas and Oklahoma: Audio-only live webcasts are not approved for credit.
1Indiana: Considered a distance education course. There is a 6 credit limit per year.
2New York: Newly admitted attorneys may not take non-transitional course formats such as on-demand audio or video programs or live webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
3Ohio: To confirm that the live webcast has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per biennial compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
4 Pennsylvania: A live webcast may be viewed individually or in a group setting. Credit may be granted to an attorney who views a live webcast individually. There is a 4.0 credit limit per year for this type of viewing. A live webcast viewed in a group setting receives live participatory credit if the program is open to the public and advertised at least 30 days prior to the program. Live webcasts viewed in a group setting that do not advertise at least 30 days prior the program will be considered "in-house", and therefore denied credit.
5Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, refer to your state CLE website or call Customer Service at (800) 260-4PLI (4754) or email: info@pli.edu.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.