Why you should attend
Understanding current market practice, deal terms and conditions, transaction documents and applicable securities, tax and ethical issues is critical in the venture capital business.
What you will learn
- Secondary funds, investment structures and private company trading markets
- Corporate governance for venture-backed companies
- Corporate investments - M&A rights and other issues
- The hottest industries attracting foreign direct investment in Brazil
- Exiting venture capital investments
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.
Morning Session: 9:00 A.M. - 12:15 P.M.
9:00 Introduction and Market Update
- Venture capital fundraising and effects on new investments
- Current “hot” investment spaces
- Paths to liquidity
- Performance data and benchmarks
Speakers: Kathleen Borie, Jay A. Hershey, Katie G. Taormino, Jack Wills
10:00 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
- Current market terms for investments
- Secondary transactions
Speakers: Danielle Naftulin, Donna M. Petkanics, Kathi A. Rawnsley
11:00 Networking Break
11:15 Hot Deal Sector: Brazil
- Brazilian foreign direct investment
- Key information about the hottest industries
- Special tax and IP issues
Speakers: Brian C. Hutchings
AFTERNOON SESSION: 1:15 P.M. - 5:30 P.M.
1:15 Corporate Investments
- Increased role of corporate investment funds
- M&A rights
- Other special rights
Speakers: Collin G. Smyser, Edward F. Vermeer
2:15 Corporate Governance and Venture-Backed Companies
- Board structures and conflicts
- Managing board observers
- Down rounds, cramdown and washout financings, and affiliate transaction issues
- Ethical dilemmas faced by counsel
- Delaware law changes
Speakers: Thomas W. Kellerman, Yusuf Sadfari, Jeffrey R. Wolters
3:15 Networking Brea
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 and other regulatory considerations
- Secondary markets and liquidity programs
Speakers: Paul Koenig, Christie Branson Ma, Curtis Mo, Steven J. Tonsfeldt
~ General Counsel, SVB Capital; Assistant General Counsel, SVB Financial
~ Director, Emerging Company Services, PricewaterhouseCoopers
Jay A. Hershey
~ Managing Director, Corporate & Venture Services, Piper Jaffray & Co.
~ Managing Director, Shareholder Representative Services LLC
San Francisco Seminar Location
PLI California Center, 685 Market Street, San Francisco, California 94105. (415) 498-2800
San Francisco Hotel Accommodations
The Palace Hotel, 2 New Montgomery Street, San Francisco, California 94105. Call (800) 917-7456 seven days a week from 6:00 am to 12:00 am (PDT) and mention you are attending this program at Practising Law Institute to receive the preferred rate. For online reservations, go to www.sfpalace.com/pli to receive the preferred rate.
Due to high demand we recommend reserving hotel rooms as early as possible.
PLI's live programs are approved in all states that require mandatory continuing legal education for attorneys, except Arizona. Please be sure to check with your state for details.
Please check the CLE Calculator above each product description for CLE information specific to your state.
Special Note: In New York, newly admitted attorneys may receive CLE credit only for attendance at "transitional" programs during their first two years of admission to the Bar. Non-traditional course formats such as on-demand web programs or recorded items, are not acceptable for CLE credit. Experienced attorneys may choose to attend and receive CLE credit for either a transitional course or for one geared to experienced attorneys. All product types, including on-demand web programs and recorded items, are approved for experienced attorneys.
Please note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
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.
Credit will be granted only to the individual on record as the purchaser unless alternative arrangements (prearranged groupcast) are made in advance.