AUTM University Startup Business Development Course

Ryan Udell, partner at Ballard Spahr and co-leader of the firm's Life Sciences Industry Group, will speak at the AUTM University Startups Conference. He's presenting the topic of "Venture Financing, Equity, and Other Terms" on the second day of the conference—Tuesday, October 22. The program will be divided into two parts, the first from 1 to 3 p.m. PDT and the second from 3:30 until 5 p.m. PDT. Attendees will have a thirty-minute break between the two parts. Ryan will be joined by Paul Corson from the University of Texas, Arlington, for both parts of the conversation as well as Bin Yan from Pennsylvania State University for Part II.

The event description:

Venture Financing, Equity, and Other Terms, Part I

• Corporate structures
  • C-Corporations
  • Limited liability corporations
  • Others
• Negotiation roles - representation for each party
• Convertible note terms
  • Term and interest
  • Discount
  • Caps
• SAFE terms
  • History of the SAFE instrument
  • Advantages/disadvantages for investor/entrepreneur
• Equity terms
  • Types of stock - common, preferred
  • Priced rounds
  • Liquidation preferences
  • Anti-dilution provisions
  • Control provisions
  • Rights of shareholders

Venture Financing, Equity, and Other Terms, Part II

• Shareholder agreement terms
• What terms are negotiable
• Understanding cap tables
• Exits and waterfall analysis
• NVCA documents