WORKSHOPS
PAST WORKSHOPS
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FUNDAMENTALS OF CAP TABLES: PREPARING A PRO FORMA CAP TABLE FOR A VC FINANCING
Date: Aug 17, 2020
Title: Fundamentals of Cap Tables: Preparing a Pro Forma Cap Table for a VC Financing
Time: 1pm to 3.30pm PST
Location: Online over Zoom
Agenda:
1pm-1.15pm Registration and Networking
1.15pm-2pm Presentation on Legalities and Economic Aspects of Cap Tables
2pm-3pm: Build a Cap Table from a VC Term Sheet
3pm-3.30pm Open Discussion
Description:
This workshop will provide an understanding of the most important aspects of building a pro forma cap table and demonstrate how to model out a venture financing. Each workshop participant will have a chance to build their own pro forma cap table and ask questions during the workshop. Below are some of the topics that will be covered: What is a cap table and how is it used? What are the key economic concepts associated with building a pro forma cap table? How should investors and founders think about different classes of stock, warrants and options on the cap table? What is the impact of the option pool on a financing and how should you think about setting up an option pool in a financing? What are some common pitfalls and issues to look out for in building cap tables? How to calculate the price per share in an equity financing? What sort of dilution is typical at various stages of the company’s growth and what are the key levers that impact dilution?
ANATOMY OF A VENTURE CAPITAL TERM SHEET
Instructor: Anil Advani, Founder and Managing Partner, Inventus Law Firm
Date: June 29, 2020
Title: Anatomy of a Venture Capital Term Sheet
Time: 1pm to 4pm
Location: Online only over Zoom
Agenda:
1pm-3pm Workshop
3pm-4pm Open Discussion on VC Term Sheet
Description:
This workshop will focus on Venture Capital Term Sheet. It will go over the key terms of the Term Sheet and how they affect the startup's valuation, ownership and control.
Speaker Bio:
Anil is a startup lawyer, angel investor, and mentor to early-stage startup founders in Silicon Valley and across the world. Anil advises early-stage start-up companies from 2-3 “guys in the garage” to global multinational corporations from inception through the life-cycle of the venture, negotiating angel and venture financings, customer and licensing transactions, and mergers and acquisitions. Over the last 19 years Anil has worked at powerhouse law firms such as Cooley Godward and Orrick Herrington, and now Inventus Law. Anil has represented over 3,000 startups, angels, founders, and has been involved in almost 500 financing and M&A transactions valued at over $3 billion in the aggregate. Anil has made over 25 angel investments in companies across the spectrum, from healthcare, financial services, to software and saas ventures.
Anil is licensed to practice law in California, New York and India, and has represented U.S based investors and Companies in investments, acquisitions, and strategic expansion with India based companies, as well as 100’s of startups from India, Singapore, Europe and South America in setting up operations and closing financing and M&A transactions in Silicon Valley. Anil also has an active practice representing global companies that are part of YC, 500 Startups, Startup Chile, Tandem, Alchemist, Fabric and other accelerators and incubators.
Inventus Law is Anil’s own entrepreneurial venture with the primary goal of providing experienced legal counsel to start-up companies in a much more cost-effective, responsive and founder-friendly manner than any of the “big” law firms out there.
Lawyers at Inventus Law love helping founders of startup companies navigate the many pitfalls a startup usually encounters, and have worked with companies in a wide spectrum of industries, and going through varied lifecycles, from self-funded, seed funded to fast-growing $100M+ Companies.
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PATENT ROI FOR VENTURE CAPITAL INVESTMENT AND M&A
Instructors: Ernest Huang and Miku Mehta, Partners at Procopio LLP
Title: Patent ROI for Venture Capital Investment and M&A
Date: June 10, 2020
Time: 1pm to 4pm
The event will be streamed live over Zoom video conferencing. The event is intended to be interactive.
Agenda (PDT time):
1pm-1.30pm: Online Registration and Networking
1.30pm-3pm Workshop
3pm-4pm QnA
Description:
Patent ROI for Venture Capital Investment and M&A: generating value and Increasing the valuation of your startup through effective patent strategies in a changing global landscape
· Understanding the global landscape of patents and how to match your patent portfolio to match the business trends in a strategic and cost-effective manner.
· Learning what entrepreneurs need to know about generating ROI and monetization possibilities for your patent portfolio, for both utility and design patents.
· Creative Portfolio building strategies and approaches to match your resources, availability, and business goals, including an example success story
Speakers Bios:
Miku Mehta’s practice focuses on the preparation and prosecution of patent applications, including use of nontraditional, creative approaches to help clients strategically grow patent portfolios. His technical areas include computer software and hardware, artificial intelligence, cryptography, telecommunications, internet-related applications, environmental technologies, and optoelectronics. He has more than 20 years of patent experience, including practicing in Silicon Valley for almost a decade, and before that, practicing in Japan for over seven years. Prior to becoming a patent attorney, Miku worked as a software engineer, ran his own business, and double-majored in Systems Engineering and Environmental Sciences as an undergrad.
Ernest Huang counsels clients for patent prosecution and for strategies for building patent portfolios to fit underlying budgets and goals. Ernest’s practice focuses on the preparation and prosecution of patent applications in a broad range of technology areas in the electrical, mechanical and computer arts. He has extensive experience prosecuting applications directed to semiconductor manufacturing and design, digital circuit design, storage systems, software platforms and solutions, encryption, IoT systems, cloud and SaaS systems, machine learning, connectors, printed circuit board design and storage media.
HOW TO MANAGE HR AND FINANCE FOR A SUCCESSFUL TECH STARTUP
Instructors from Trivium: Sharad Singh (CEO), Vinita Soin (COO/Head of Accounting), Yelena Ten (COO, Global Tax)
Title: How to Manage HR and Finance for a Successful Tech Startup
Date: May 1, 2020
Time: 1pm to 3pm
Location: Online event over Zoom
Agenda:
1pm-3pm Workshop and QnA
Description:
In this workshop, Trivium will give you advice on the fundamentals of Finance and HR for running a business, point out mistakes to avoid, discuss changes due to the COVID-19 Virus, and answer your specific questions. Questions can range anywhere from inception to exit, and everywhere in between.
Bios of Speakers:
Sharad Singh - CEO Responsible for penetrating new markets, creating new business units, and forming strategic partnerships. Currently advising early stage companies in mobile, internet, software, hardware, and consumer goods with raising capital, hiring and developing talent, forecasting for future growth,and bringing products/services to market. Experience with over 50 startups as VP of HR, with exits totaling over $600M.
Vinita Soin - COO / Head of Accounting Instrumental in the management and growth of the company by managing all aspects of the organization. Instrumental in increasing the company's client base from two to 100+ clients. Involved in client acquisition, implementation and management. Building and managing a team of 50+ employees/Contractors at global level. Partner relationship management.
Yelena Ten, CPA, MST - Chief Operating Officer, Global Tax at Trivium Tax Advisory Services 10 years of experience Corporate tax - US, US / foreign subsidiaries, foreign/ US subsidiaries. Informational returns for CFCs’ and/ or PFICs’ shareholders PE/VC Individual tax returns, HNWI Tax research, tax planning Languages: English, Russian
UNDERSTANDING THE VENTURE CAPITAL TERM SHEET: SERIES SEED VS SERIES A
Instructor: Todd Rumberger, Partner, WilmerHale LLP
REGISTER HERE
Title: Understanding the Venture Capital Term Sheet: Series Seed vs Series A
Date: Mar 11, 2020
Time: 12pm to 3pm
Location: 3175 Bowers Avenue, Santa Clara, CA 95054
The event will be streamed live over Zoom video conferencing and also held in person at U First Capital office (3175 Bowers Avenue, Santa Clara, California). You can attend the event in person or online. Speaker will join in person from the U First Capital office. The event is intended to be interactive.
Agenda:
12pm-1pm Lunch and Networking
1pm-3pm Workshop and QnA
Description:
This workshop will help you understand the Venture Capital Term Sheet. Learn the important terms, how they will affect a startup’s valuation, ownership and control and consequences of a bad term sheet. We will also cover the key differences between a Series Seed Term Sheet vs a Series A Term Sheet and how to prepare for them.
Speaker Bio:
Todd Rumberger is a leading corporate lawyer who has built a distinguished practice representing venture capital and corporate investors and early-to late-stage companies in a variety of industries, including mobility/auto-tech, digital media, financial services, digital health, e-commerce, food/food tech, cybersecurity, software and mobile telecommunications sectors and capital market transactions.
Mr. Rumberger has substantial experience advising founders, investors and companies on formation, capitalization, employment issues, corporate governance, early- and late-stage venture capital and debt financings, strategic commercial agreements and mergers and acquisitions. In addition, he has been instrumental in helping foreign startup and growth-stage companies establish a presence in the United States.
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ANATOMY OF A VENTURE CAPITAL TERM SHEET
Instructor: Anil Advani, Founder and Managing Partner, Inventus Law Firm
Date: Dec 11, 2019
Title: Anatomy of a Venture Capital Term Sheet
Time: 10.30am to 1pm
Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)
Agenda:
10.30-11am Registration and Networking
11-12pm Training
12pm-1pm Lunch and Open Discussion on VC Term Sheet
Description:
This workshop will focus on Venture Capital Term Sheet. It will go over the key terms of the Term Sheet and how they affect the startup's valuation, ownership and control.
LEGAL TIPS FOR VC FUNDRAISING AND HOW TO PROTECT YOUR IP
Instructor: Dave Stevens, Attorney at Law, Stevens Law Group
Date: Nov 8, 2019
Title: Legal Tips for VC Fundraising and How to Protect Your IP
Time: 9.30am to 1pm
Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)
Agenda:
9.30-10am Registration and Networking
10-12pm Training
12pm-1pm Lunch and Networking
Description:
This U First Capital workshop will focus on legal tips for Venture Capital fundraising and how to protect your IP via patents etc. Have a great idea but worried about someone stealing it? Every startup, innovator, and entrepreneur should be concerned with how to protect their ideas and IP in the U.S. and internationally. Come hear Dave Stevens (Attorney at Law, Stevens Law Group), a well known IP lawyer, discuss any questions you might have about when to file for patents, trademarks and copyrights, and how to best protect your IP, including:
• How to protect your IP using patents, copyrights and trade secrets?
• How do you protect your brand?
• When and how to file for federal and international protection?
• What is the best way to build portfolios of patents and what does it cost?
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LEGAL ISSUES AROUND CAP TABLE MANAGEMENT
Instructors: Rocky Lee and Shantanu Surpure, Attorneys at King & Wood Mallesons (KWM)
Date: Oct 10, 2019
Title: Legal Issues around Cap Table Management
Time: 9.30am to 1pm
Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)
Agenda:
9.30am-10am Registration and Networking
10am-12pm Workshop
12pm-1pm Lunch
Description:
The workshop will provide an understanding of cap table. It will go over SAFE Note vs Convertible Note. Below are the topics that will be covered:
What is a cap table, why do you need one and what should it look like?
How to calculate the price per share accurately? What does “on an as-converted and fully diluted basis” mean?
Common stock vs. preferred stock and how do the different classes of stocks affect the cap table?
How does liquidation preference work? What are the types of liquidation preference (i.e. non-participating, participating with no cap and participating with a cap)
Restricted stock and ESOPs
SAFEs and Convertible Notes compared
What are Options and Warrants? How do they affect the cap table?
What sort of dilution is typical at various stages and how does it play out in the real world? What equity stake is typical for founders, early employees, advisors, angel investors, etc.?
How to set up your cap table for future rounds of capital
How to keep your cap table organized and accurate
Speaker Bios:
Rocky Lee:
Rocky Lee is an International Partner at King & Wood Mallesons (KWM) and a deal lawyer with nearly two decades of experience in China cross-border transactions. He is widely recognized as one of the top legal advisors to funds and founders with numerous awards and accolades from the likes of Asia Law & Practice, Chambers Asia, China Business Law Journal, the Financial Times and Legal 500.
Mr. Lee has particular expertise in China's "restricted industries" which often involves the use of “VIE” structures, as well as complex regulations governing foreign investment to and from China. Amongst his many China transactions, Mr. Lee led Xiaomi’s financing, breaking ground for billion-dollar tech deals in Asia and multi-billion dollar valuations. Didi, Tujia, Grab, Lufax and OFO are some of the unicorn deals Mr. Lee managed for investors.
Mr. Lee received a BA from the University of California Berkeley with high honors and his JD from the University of California Los Angeles. Mr. Lee is admitted to practice law in California.
Shantanu Surpure
Shantanu Surpure is a US, UK and India admitted attorney and Of Counsel at King & Wood Mallesons (KWM). Shantanu has broad experience in cross-border corporate, M&A, capital markets, venture capital and private equity transactions.
Mr. Surpure is a Charter Member of The Indus Entrepreneurs (TIE) and a co-founder of Mumbai Angels, which is India’s leading angel investment group.
Mr. Surpure is a frequent speaker regarding cross border M&A, venture capital/private equity and entrepreneurship having spoken at Harvard, Stanford, Columbia Law School, UC Berkeley, Wharton (Wharton India Economic Forum) and the Indian Institute of Technology (IIT). He has also been quoted by and/or had articles published in Forbes, Reuters, International Financial Law Review, Asian Venture Capital Journal, The Economic Times and India Business Law Journal.
Mr. Surpure holds a BA Magna cum Laude from Brown/London School of Economics, an MA Jurisprudence from Oxford University and a JD from Columbia Law School.
Mr. Surpure is admitted to practice law in California, New York, Nevada, India and England and Wales.
The speakers will be assisted by Anna An:
Anna An
Anna An is an associate at King & Wood Mallesons, specializing in venture capital, private equity, foreign direct investment, and general corporate and commercial matters. Mrs. An has represented major international corporations in investment projects, including in deal structuring and closing, conducting due diligence and drafting transaction documents.
Mrs. An graduated from China University of Political Science and Law with an LLB, an LLM from Boston University Law School and an MA in political science from Northeastern University. Mrs. An is admitted to practice law in California and New York.
ANATOMY OF VENTURE CAPITAL FINANCING: TERM SHEETS, CAP TABLES, VALUATIONS AND MORE
Instructors: David Makarechian, Bhavreet Gill and Scott Elliott (Partners at law firm O'Melveny & Myers LLP)
Date: Sept 24, 2019
Title: Anatomy of Venture Capital Financing: term sheets, cap tables, valuations and more…
Time: 9.30am to 1pm
Location: U First Capital office, 3175 Bowers Avenue, Santa Clara, CA 95054.
You can attend in person or over Zoom video. Speakers will join in person from U First Capital office. Zoom link will be sent to registered persons only. These events are intended to be interactive, so attendees will get a chance to ask questions.
Agenda:
9.30-10am Registration and Networking
10-12pm Training
12pm-1pm Lunch and Open Discussion
Description:
This workshop will focus on the venture financing deal process including the following:
· diligence strategy and the diligence areas that are key to investors
· price and valuation - how are they determined and negotiation pointers
· overview of the key documents used in venture financing and what they accomplish
· a deep dive into the anatomy of a term sheet, including a detailed review of key terms, with real world examples and negotiation tips
· cap tables - what is a pro forma? how is dilution measured? what sort of dilution is typical at various stages and how does it play out in the real world?
· real world case studies that incorporate all of the above and will provide models of what to do and what not to do.
Speaker bios:
David Makarechian
David Makarechian is Chair of O’Melveny’s Emerging Technologies Group and Head of O’Melveny’s Northern California Corporate Department. He has more than twenty-five years of experience in mergers & acquisitions, focused on representing acquirers and targets in the technology and emerging growth company sectors, in Silicon Valley, nationally and internationally. His clients include public and private companies, venture capital and private equity investors, multinational corporations in cross border transactions and sovereign wealth funds. His practice also includes joint ventures, corporate governance and 1934 Act reporting of public companies, and the representation of venture-backed companies and venture capital and private equity investors.
David has served as lead counsel in hundreds of mergers and acquisitions, ranging in size from $1 million to $4 billion, as well as numerous venture capital, angel and private-equity financings, and a significant number of recapitalizations, public offerings and other transactions in the technology sector. David’s practice focuses on security, identity management, augmented and virtual reality, semiconductor, optics and other hardware, technology enabled services and software of all types including enterprise SaaS, AI, cloud, data analytics, mobile and consumer internet, clean energy, battery and storage. David also has experience with companies in the food-tech and ag-tech sectors, as well as growth companies in food and beverage and retail.
Bhavreet Gill
Bhavreet Singh Gill focuses his practice on representing emerging technology companies in a broad range of transactional and general corporate matters, including venture capital and private equity financing, mergers and acquisitions, strategic transactions and cross-border transactions.
Bhavreet maintains an active pro-bono practice that involves attending to corporate governance matters, advising on entity formation, and drafting loan documents for low-income entrepreneurs and non-profit entities.
Scott Elliott
Scott Elliott, co-head of the Firm’s Life Sciences Practice, focuses his practice on corporate and transactional matters including mergers and acquisitions, corporate financing transactions and general corporate and securities law issues. He advises clients in various industries including life sciences and technology, and their investors. He has represented software, hardware, medical device and other technology companies in their incorporation to venture funding, growth counseling to sale or IPO. He has extensive experience advising public and private company clients and financial sponsors on acquisitions, buyouts, going-private transactions, and minority investments as well as public and private securities offerings.
PREPARING FINANCIAL STATEMENTS FOR STARTUP FUNDRAISING
Instructors: Andrew Katcher (Partner, Hardesty LLC) and Bob Worthington, (Managing Partner, Hardesty LLC)
Date: Oct 21, 2019
Title: How to prepare Financial Statements for Startup Fundraising
Time: 9.30am to 1pm
Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)
Agenda:
9.30-10am Registration and Networking
10-12pm Training
12pm-1pm Lunch and Networking
Description:
This workshop will focus on how to create financial statements for startup fundraising. Below are topics that will be covered.
Value Drivers for Your Business
The documents you (your business) will need to raise capital (and/or for other exits)
Which documents for which rounds?
Who is the audience for your documents?
Making your Financials a consistent part of the story
History vs. Forecast
Utilizing an outsourced accounting service to assist you.
A sample case
Signs that you need a CFO
Q & A
Speaker Bios:
Bob Worthington is the Managing Partner for Northern California at Hardesty. He has over 25 years of financial and operations experience in public and private technology companies. Bob most recently served as the interim CFO for a Hardesty client that sourced and distributed mobile phone components internationally, spending significant time in Asia while leading the initiative to raise $20mm of mezzanine growth capital. Prior to joining Hardesty, Bob served as COO/CFO of Jupiter Systems, a privately-held video collaboration company, where he led the company to its eventual sale to InFocus. Prior to Jupiter Systems, Mr. Worthington served as CEO, CFO, and VP-Finance of several private and venture-funded companies in the software and
hardware markets. Over his career, Worthington has led over $100m of capital initiatives and the sale of five
companies. He began his career as an auditor in KPMG’s San Francisco office.
Bob holds a BS in Accounting from the University of Kentucky and an MBA from the Haas School of Business at the University of California-Berkeley. He is a CPA in California (inactive) and a US Army veteran.
Andrew Katcher:
Andrew Katcher is an accomplished Senior Executive, Entrepreneur,
Consultant, Thought Leader, and Board Member with 25 years of success
across the manufacturing, information technology and services, consumer
electronics, and computer networking industries. Leveraging extensive
experience developing and implementing effective operational and
financial strategies for companies with a global scope, he is a valuable
asset for technology-driven companies looking to expand or develop
strategic partnerships internationally. His broad areas of expertise include
finance, supply chain management, business process improvement,
fundraising, international trade compliance, audit, team building, cross-functional leadership, and strategic planning. Throughout his executive career, Andrew has held leadership positions at technology-driven companies 3Com Corporation, FreeFlow, and Rapid Results, Inc., which he founded. He has been responsible for overseeing a
major acquisition and integration for an international computer networking
organization, including growing the new division from first product sale to
$60M/year within 18 months; redesigning the importation and compliance process for a major solar energy equipment supplier to achieve $25M in cost savings; and overseeing business development efforts for the world leader in consumer electronics disposal services, including leading the set-up and management of a new Vietnam-based joint venture. Most recently he was interim CFO for a Software Developer as a Service Software Defined Networking A16Z and Redpoint venture-backed start-up where he created the multi year operating and financial plan, implemented Adaptive Insights and Spring Document ManagementGAAP accounting and obtained a $5 million line of credit in debt financing. His consulting clients have included industry leaders such as Amazon, Facebook (Oculus Division), SanDisk, Logitech, Core-Mark, Teridion, Toshiba and Cisco.
Andrew holds a BS in Earth Sciences from the University of California,
Santa Cruz and an MBA with a concentration in Strategic Planning and
Organizational Behavior from the Anderson School of Management at the University of California, Los Angeles. He is a Certified Internal Auditor and a Certified Information Systems Auditor. He currently formerly serves served as Board President and Audit Committee Chair for Hillel of Silicon Valley, is active with the Leukemia and Lymphoma Society and is a mentor for the Miller School of Social Entrepreneurism at Santa Clara
University.