DATE: Wednesday, May 24, 2023
TIME: 5:00 p.m. Light Dinner & Networking | 6:00 - 9:00 p.m. Startup Workshop
LOCATION: Procopio, Del Mar Heights
12544 High Bluff Drive, 4th Floor
San Diego, CA 92130
ADMISSION: Complimentary (registration is required, limited seats)
CURRICULUM
This startup workshop will focus on terms and term sheets for a seed, angel, convertible debt, Safe (pre-money and post-money) and Series A round, in an interactive, informative session with great take away materials and actionable items.
This session will cover:
• when and from whom to take money;
• when is an amount raised too much or too little, and the perils of both;
• the anatomy of a term sheet;
• understanding the structure of, and the provisions that will most likely be included in, a convertible debt, Safe, angel and venture financing term sheet;
• how to arrive at a realistic pre-money valuation;
• the impact of term sheets on existing shareholders;
• the provisions that will impact control of major and day-to-day decisions at your startup;
• the most recent trends relating to:
- liquidation preferences
- participation rights
- anti-dilution provisions
- pay-to-play provisions
- redemption rights
- registration rights
- rights of first refusal
- drag along right
- co-sale rights
DETAILED AGENDA: (California Pacific time)
5:00 PM - 6:00 PM - Dinner and Networking
6:00 PM -7:30 PM - Startup workshop Part A
7:30 PM - 7:45 PM - Intermission
7:45 PM -8:45: PM - Startup workshop Part B
8:45 PM - 9:00 PM - Audience Q & A
