This program will discuss the typical terms and conditions for a first round venture capital financing transaction.  The focus will be on demystifying the term sheet for the transaction.  Using the National Venture Capital Association’s model term sheet as our reference point, we will review what various key terms and provisions mean, how they fit together, and their practical implications, including particular terms to be wary of. 

Learning Objectives:

After completing this course, attendees will know:

• How to read and understand the key terms and provisions of a typical first round venture capital financing transaction
• Typical variations in such key terms and provisions, and the practical implications of those variations
• Particular terms and provisions to be wary of

Program Content:

• Detailed review of the National Venture Capital Association’s model term sheet
• Legal and practical analysis of the NVCA model term sheet, with critical clauses demystified

Speaker: 

David Pierson, Partner, Foley Hoag LLP
David chairs Foley Hoag’s Venture Capital/Emerging Companies Practice Group. He represents a broad range of venture-backedcompanies, including companies in the software and technology, life sciences, cleantech and other industries. He advises these clients on a range of matters, including corporate finance, securities, mergers and acquisitions, general corporate and contract matters. His practice includes providing advice to start-up and emerging companies regarding corporate formation, founder arrangements, angel and venture capital financings, equity incentive plans and strategic transactions. David also represents U.S. and foreign venture capital firms in connection with their investments throughout the U.S.

Other Information:

• Program level: Advanced
• Recommended CPE: 2.0
• Program prerequisites: None
• Advanced Preparation: None
• Delivery Method: Live/Group

The CFO RoundTable is registered with the National Association of State Boards-of-Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org