Startup Law Initiative: Funding

Tuesday, May 14, 4:00 pm - 5:00 pm Pacific via ZOOM

Register to Attend

BHBA members attend all CLE webinars for free. There is a fee for non-members. Check out all membership options at www.bhba.org/membership.

Earn 1.0 CA CLE Hours

Meet the Speakers

Mark T. Hiraide



Partner

Advisor to Entrepreneurs, Startups, and Publicly Traded Companies

Mitchell Silberberg & Knupp LLP

Thomas Gaffney



Associate Attorney

Cole-Frieman & Mallon LLP

LaVonne D. Lawson


Counsel

Leech Tishman

(Moderator)

About the Program

This session will offer an overview of the funding landscape for startups, from initial equity considerations to advanced financing rounds. It will explore various funding mechanisms, including different forms of equity, bank loans, crowdfunding, and SAFE agreements, as well as preparation for seed, Series A, and Series B financings. The program will also address cap table management, investor agreements, the impact of ownership dilution on capital costs, and strategies for navigating investor relationships and legal requirements throughout a startup's growth phases and address the following questions.

 

What are the different forms of equity?

What is ownership dilution and its relationship to the cost of capital?

When if ever are bank loans available to startups?

How should a startup prepare for pre-seed financing?

Are there any disadvantages to a friends and family round?

How should a startup prepare for seed financing?

Is crowdfunding a practical alternative?

What are “SAFEs” and how are they used?

When should a startup consider the use of convertible bridge notes?

When are convertible preferred typically used?

What is a Series A Financing?

What is a Series B Financing?

How are overseas founders and investors best handled?

What is a down round and how should the down round be handled?

What is the purpose of cap table and how is it used?

What does a sample cap table look like?

How is the cap table effectively used?

What is the role of an incubator?

What is the role of an accelerator?

What are the typical terms of an investors’ rights agreement?

Why are rights of first refusal and co-sale agreements often required by investors?

What is a management rights letter?

How should a startup handle VC financing opportunities?

What are the pre-money and post-money valuations?

What are the provisions of a typical VC term sheet?

What are the terms of the latest NVCA forms?

What are the securities law requirements for early and late stage financing transactions?

The BHBA Startup Law Initiative aims to offer practical legal resources to the startup community through a series of meticulously crafted webinars. These webinars will include scheduled question and answer sessions, enlightening cohorts of founders, managers, and advisors about fundamental legal requirements and optimal strategies for establishing and nurturing innovative enterprises.


Tuesday, 4/30, 4:00 pm - Current Developments in Startup Law: AI, CTA, and the Latest on Non-Compete Agreements

Wednesday, 6/12, 10:00 am - Attracting and Retaining Talent for Startups: Employee Incentive Plans, Payroll Concerns, Immigration Law Issues

Tuesday, 6/17, 4:00 pm - Governance

Date TBD - Growths and Exits

This series is developed by Howard S. Fisher, Thomas Gaffney, Stephanie Granato, LaVonne Lawson, William Norman, Bill Staley, and Michele F. L. Weiss.

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