A discussion of the perspective of companies and investors on the main economic and control rights negotiated in a venture financing term sheet. Includes liquidation preference, anti-dilution provisions, board rights and employment matters.
A walkthrough of an Amended and Restated Certificate of Incorporation (also called the Amended and Restated Charter) used in a venture capital transaction, with a focus on the sections governing preferred stock.
A walkthrough of a typical Preferred Stock Purchase Agreement, including the related Schedule of Exceptions.
A walkthrough of a typical Investor Rights Agreement, including explanations of its main provisions.
A walkthrough of a typical Right of First Refusal and Co-Sale Agreement, including explanations of its main provisions.
A walkthrough of a typical Voting Agreement, including explanations of its main provisions.
Venture financing deals include several ancillary documents, in addition to the principal deal documents, that cover important legal and business issues. This course describes the ones most commonly used.