3175 Bowers Ave Santa Clara CA United States 95054

©2019 by U First Capital

WORKSHOPS

 
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ANATOMY OF A VENTURE CAPITAL TERM SHEET

Instructor: Anil Advani, Founder and Managing Partner, Inventus Law Firm

Date: Dec 11, 2019

Title: Anatomy of a Venture Capital Term Sheet

Time: 9.30am to 1pm

Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)

REGISTER HERE

Agenda:

9.30-10am Registration and Networking

10-12pm Training

12pm-1pm Lunch and Networking

Description:

This workshop will focus on Venture Capital Term Sheet. It will go over the key terms of the Term Sheet and how they affect the startup's valuation, ownership and control.

 

PAST WORKSHOPS

 
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LEGAL TIPS FOR VC FUNDRAISING AND HOW TO PROTECT YOUR IP

Instructor: Dave Stevens, Attorney at Law, Stevens Law Group

Date: Nov 8, 2019

Title: Legal Tips for VC Fundraising and How to Protect Your IP

Time: 9.30am to 1pm

Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)

Agenda:

9.30-10am Registration and Networking

10-12pm Training

12pm-1pm Lunch and Networking

Description:

This U First Capital workshop will focus on legal tips for Venture Capital fundraising and how to protect your IP via patents etc. Have a great idea but worried about someone stealing it? Every startup, innovator, and entrepreneur should be concerned with how to protect their ideas and IP in the U.S. and internationally. Come hear Dave Stevens (Attorney at Law, Stevens Law Group), a well known IP lawyer, discuss any questions you might have about when to file for patents, trademarks and copyrights, and how to best protect your IP, including:

•             How to protect your IP using patents, copyrights and trade secrets?

•             How do you protect your brand?

•             When and how to file for federal and international protection?

•             What is the best way to build portfolios of patents and what does it cost?

 
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LEGAL ISSUES AROUND CAP TABLE MANAGEMENT

Instructors: Rocky Lee and Shantanu Surpure, Attorneys at King & Wood Mallesons (KWM)

Date: Oct 10, 2019

Title: Legal Issues around Cap Table Management

Time: 9.30am to 1pm

Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)

Agenda:

9.30am-10am Registration and Networking

10am-12pm Workshop

12pm-1pm Lunch

Description:

The workshop will provide an understanding of cap table. It will go over SAFE Note vs Convertible Note.  Below are the topics that will be covered:

  • What is a cap table, why do you need one and what should it look like?

  • How to calculate the price per share accurately?  What does “on an as-converted and fully diluted basis” mean?

  • Common stock vs. preferred stock and how do the different classes of stocks affect the cap table?

  • How does liquidation preference work? What are the types of liquidation preference (i.e. non-participating, participating with no cap and participating with a cap)

  • Restricted stock and ESOPs

  • SAFEs and Convertible Notes compared

  • What are Options and Warrants?  How do they affect the cap table?

  • What sort of dilution is typical at various stages and how does it play out in the real world?   What equity stake is typical for founders, early employees, advisors, angel investors, etc.? 

  • How to set up your cap table for future rounds of capital

  • How to keep your cap table organized and accurate

Speaker Bios:

Rocky Lee:

Rocky Lee is an International Partner at King & Wood Mallesons (KWM) and a deal lawyer with nearly two decades of experience in China cross-border transactions.  He is widely recognized as one of the top legal advisors to funds and founders with numerous awards and accolades from the likes of Asia Law & Practice, Chambers Asia, China Business Law Journal, the Financial Times and Legal 500.


Mr. Lee has particular expertise in China's "restricted industries" which often involves the use of “VIE” structures, as well as complex regulations governing foreign investment to and from China.  Amongst his many China transactions, Mr. Lee led Xiaomi’s financing, breaking ground for billion-dollar tech deals in Asia and multi-billion dollar valuations.  Didi, Tujia, Grab, Lufax and OFO are some of the unicorn deals Mr. Lee managed for investors. 

Mr. Lee received a BA from the University of California Berkeley with high honors and his JD from the University of California Los Angeles.  Mr. Lee is admitted to practice law in California.


Shantanu Surpure 

Shantanu Surpure is a US, UK and India admitted attorney and Of Counsel at King & Wood Mallesons (KWM).  Shantanu has broad experience in cross-border corporate, M&A, capital markets, venture capital and private equity transactions. 


Mr. Surpure is a Charter Member of The Indus Entrepreneurs (TIE) and a co-founder of Mumbai Angels, which is India’s leading angel investment group.


Mr. Surpure is a frequent speaker regarding cross border M&A, venture capital/private equity and entrepreneurship having spoken at Harvard, Stanford, Columbia Law School, UC Berkeley, Wharton (Wharton India Economic Forum) and the Indian Institute of Technology (IIT).   He has also been quoted by and/or had articles published in Forbes, Reuters, International Financial Law Review, Asian Venture Capital Journal, The Economic Times and India Business Law Journal. 


Mr. Surpure holds a BA Magna cum Laude from Brown/London School of Economics, an MA Jurisprudence from Oxford University and a JD from Columbia Law School.


Mr. Surpure is admitted to practice law in California, New York, Nevada, India and England and Wales. 


The speakers will be assisted by Anna An:

Anna An 

Anna An is an associate at King & Wood Mallesons, specializing in venture capital, private equity, foreign direct investment, and general corporate and commercial matters.   Mrs. An has represented major international corporations in investment projects, including in deal structuring and closing, conducting due diligence and drafting transaction documents. 


Mrs. An graduated from China University of Political Science and Law with an LLB, an LLM from Boston University Law School and an MA in political science from Northeastern University.  Mrs. An is admitted to practice law in California and New York.

 
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ANATOMY OF VENTURE CAPITAL FINANCING: TERM SHEETS, CAP TABLES, VALUATIONS AND MORE

Instructors: David Makarechian, Bhavreet Gill and Scott Elliott (Partners at law firm O'Melveny & Myers LLP)

Date: Sept 24, 2019

Title: Anatomy of Venture Capital Financing: term sheets, cap tables, valuations and more…

Time: 9.30am to 1pm

Location: U First Capital office, 3175 Bowers Avenue, Santa Clara, CA 95054.

You can attend in person or over Zoom video. Speakers will join in person from U First Capital office. Zoom link will be sent to registered persons only. These events are intended to be interactive, so attendees will get a chance to ask questions.

Agenda:

9.30-10am Registration and Networking

10-12pm Training

12pm-1pm Lunch and Open Discussion

Description:

This workshop will focus on the venture financing deal process including the following:

·       diligence strategy and the diligence areas that are key to investors

·       price and valuation - how are they determined and negotiation pointers

·       overview of the key documents used in venture financing and what they accomplish

·       a deep dive into the anatomy of a term sheet, including a detailed review of key terms, with real world examples and negotiation tips

·       cap tables - what is a pro forma?  how is dilution measured? what sort of dilution is typical at various stages and how does it play out in the real world? 

·       real world case studies that incorporate all of the above and will provide models of what to do and what not to do.

Speaker bios:

David Makarechian

David Makarechian is Chair of O’Melveny’s Emerging Technologies Group and Head of O’Melveny’s Northern California Corporate Department.  He has more than twenty-five years of experience in mergers & acquisitions, focused on representing acquirers and targets in the technology and emerging growth company sectors, in Silicon Valley, nationally and internationally.  His clients include public and private companies, venture capital and private equity investors, multinational corporations in cross border transactions and sovereign wealth funds.  His practice also includes joint ventures, corporate governance and 1934 Act reporting of public companies, and the representation of venture-backed companies and venture capital and private equity investors.

David has served as lead counsel in hundreds of mergers and acquisitions, ranging in size from $1 million to $4 billion, as well as numerous venture capital, angel and private-equity financings, and a significant number of recapitalizations, public offerings and other transactions in the technology sector.  David’s practice focuses on security, identity management, augmented and virtual reality, semiconductor, optics and other hardware, technology enabled services and software of all types including enterprise SaaS, AI, cloud, data analytics, mobile and consumer internet, clean energy, battery and storage.  David also has experience with companies in the food-tech and ag-tech sectors, as well as growth companies in food and beverage and retail.

Bhavreet Gill

Bhavreet Singh Gill focuses his practice on representing emerging technology companies in a broad range of transactional and general corporate matters, including venture capital and private equity financing, mergers and acquisitions, strategic transactions and cross-border transactions.

Bhavreet maintains an active pro-bono practice that involves attending to corporate governance matters, advising on entity formation, and drafting loan documents for low-income entrepreneurs and non-profit entities.

Scott Elliott

Scott Elliott, co-head of the Firm’s Life Sciences Practice, focuses his practice on corporate and transactional matters including mergers and acquisitions, corporate financing transactions and general corporate and securities law issues. He advises clients in various industries including life sciences and technology, and their investors. He has represented software, hardware, medical device and other technology companies in their incorporation to venture funding, growth counseling to sale or IPO. He has extensive experience advising public and private company clients and financial sponsors on acquisitions, buyouts, going-private transactions, and minority investments as well as public and private securities offerings.

 

PREPARING FINANCIAL STATEMENTS FOR STARTUP FUNDRAISING

Instructors: Andrew Katcher (Partner, Hardesty LLC) and Bob Worthington, (Managing Partner, Hardesty LLC)

Date: Oct 21, 2019

Title: How to prepare Financial Statements for Startup Fundraising

Time: 9.30am to 1pm

Location: 3175 Bowers Avenue, Santa Clara, CA 95054 (you can join in person or over Zoom video conference)

Agenda:

9.30-10am Registration and Networking

10-12pm Training

12pm-1pm Lunch and Networking

Description:

This workshop will focus on how to create financial statements for startup fundraising. Below are topics that will be covered.

  1. Value Drivers for Your Business

  2. The documents you (your business) will need to raise capital (and/or for other exits)

  3. Which documents for which rounds?

  4. Who is the audience for your documents?

  5. Making your Financials a consistent part of the story

  6. History vs. Forecast

  7. Utilizing an outsourced accounting service to assist you.

  8. A sample case

  9. Signs that you need a CFO

  10. Q & A

Speaker Bios:

Bob Worthington is the Managing Partner for Northern California at Hardesty. He has over 25 years of  financial and operations experience in public and private technology companies. Bob most recently served as the interim CFO for a Hardesty client that sourced and distributed mobile phone components internationally, spending significant time in Asia while leading the initiative to raise $20mm of mezzanine growth capital. Prior to joining Hardesty, Bob served as COO/CFO of Jupiter Systems, a privately-held video collaboration company, where he led the company to its eventual sale to InFocus. Prior to Jupiter Systems, Mr. Worthington served as CEO, CFO, and VP-Finance of several private and venture-funded companies in the software and
hardware markets. Over his career, Worthington has led over $100m of capital initiatives and the sale of five
companies. He began his career as an auditor in KPMG’s San Francisco office.
Bob holds a BS in Accounting from the University of Kentucky and an MBA from the Haas School of Business at the University of California-Berkeley. He is a CPA in California (inactive) and a US Army veteran.

Andrew Katcher:

Andrew Katcher is an accomplished Senior Executive, Entrepreneur,
Consultant, Thought Leader, and Board Member with 25 years of success
across the manufacturing, information technology and services, consumer
electronics, and computer networking industries. Leveraging extensive
experience developing and implementing effective operational and
financial strategies for companies with a global scope, he is a valuable
asset for technology-driven companies looking to expand or develop
strategic partnerships internationally. His broad areas of expertise include
finance, supply chain management, business process improvement,
fundraising, international trade compliance, audit, team building, cross-functional leadership, and strategic planning. Throughout his executive career, Andrew has held leadership positions at technology-driven companies 3Com Corporation, FreeFlow, and Rapid Results, Inc., which he founded. He has been responsible for overseeing a
major acquisition and integration for an international computer networking
organization, including growing the new division from first product sale to
$60M/year within 18 months; redesigning the importation and compliance process for a major solar energy equipment supplier to achieve $25M in cost savings; and overseeing business development efforts for the world leader in consumer electronics disposal services, including leading the set-up and management of a new Vietnam-based joint venture. Most recently he was interim CFO for a Software Developer as a Service Software Defined Networking A16Z and Redpoint venture-backed start-up where he created the multi year operating and financial plan, implemented Adaptive Insights and Spring Document ManagementGAAP accounting and obtained a $5 million line of credit in debt financing. His consulting clients have included industry leaders such as Amazon, Facebook (Oculus Division), SanDisk, Logitech, Core-Mark, Teridion, Toshiba and Cisco.
Andrew holds a BS in Earth Sciences from the University of California,
Santa Cruz and an MBA with a concentration in Strategic Planning and
Organizational Behavior from the Anderson School of Management at the University of California, Los Angeles. He is a Certified Internal Auditor and a Certified Information Systems Auditor. He currently formerly serves served as Board President and Audit Committee Chair for Hillel of Silicon Valley, is active with the Leukemia and Lymphoma Society and is a mentor for the Miller School of Social Entrepreneurism at Santa Clara
University.