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CLE Webinar: Structuring Venture Capital Financing: Amended NVCA Model Agreements and Special Issues Faced by Certain Industries, Strategic Investors, and Foreign Investors

CLE CLE Webinar: Structuring Venture Capital Financing: Amended NVCA Model Agreements and Special Issues Faced by Certain Industries, Strategic Investors, and Foreign Investors Dror Futter · CLE Webinar: Structuring Venture Capital Financing: Amended NVCA Model Agreements and Special Issues Faced by Certain Industries, Strategic Investors, and Foreign Investors James C. Chapman · December 1, 2020

 

Structuring Venture Capital Financing: Amended NVCA Model Agreements and Special Issues Faced by Certain Industries, Strategic Investors, and Foreign Investors

A live 90-minute premium CLE webinar with interactive Q&A

10:00 AM – 11:30 AM PST, December 9, 2020

For the Speakers Courtesy Discount of 50% off, click here.

About the Event:

This CLE webinar will discuss structuring, negotiating, and documenting venture capital investments from term sheet to closing. The panel will also discuss recent changes to the National Venture Capital Association (NVCA) Agreements and the extent to which model provisions may deviate from what is considered “market” in venture capital transactions. The presentation will include cutting edge issues faced by investors in certain industries, strategic investors, and foreign investors, including the impact of recent CFIUS amendments.

Venture capital financing has remained active during the pandemic, but deal terms continue to evolve. When documenting and closing a venture capital transaction, counsel must have a thorough understanding of the deal terms, market differences in early- or late-stage financing, industry-specific factors to consider, and investor-specific factors to consider.

Early-stage deal structure may take the form of a convertible promissory note, simple agreement for future equity (SAFE), preferred stock (corporations), or preferred units (LLCs). Counsel must consider the functional pros and cons as well as the tax ramifications of each. Negotiated provisions include the composition of the board of directors, protective provisions/veto rights, anti-dilution, and other market investor protections.

On July 28, 2020, the NVCA released updates to its model documents for use in venture capital transactions. Perhaps most noteworthy is the inclusion of the provisions reflecting new final regulations implementing the Foreign Investment Risk Review Modernization Act of 2018, which expanded the review of foreign investments by CFIUS. However, there are also significant changes unrelated to CFIUS.

Click here for more information.

Speakers include James C. Chapman and Dror Futter with Rimon, and Steven M. Cohen and Carl A. Valenstein with Morgan, Lewis & Bockius.

Presented by:

Strafford


Mr. Chapman focuses his practice on securities law, venture capital, mergers and acquisitions, and international business transactions. He counsels publicly traded and privately held clients on public offerings, private placements, debt financings, venture capital transactions, mergers and acquisitions, and related transactions. Mr. Chapman also represents venture capital firms, angels, and private equity groups in their investments. With 30 years of experience in corporate and securities law, he has represented clients in over 300 mergers, acquisitions, and financing transactions. Read more about Mr. Chapman here.
Mr. Futter focuses his practice on startup companies and their investors, and has worked with a wide range of technology companies. His fifteen years’ experience as in-house counsel includes positions with Vidyo, Inc., a venture-backed videoconferencing company, and New Venture Partners, a venture fund focused on corporate spinouts. Prior to that, Mr. Futter was Counsel to the CIO of Lucent Technologies, as well as supporting parts of its sourcing organization. Read more about Mr. Futter here.

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