Details

This section of Structuring Transactions will provide students with an introduction to what will be expected of them in corporate practice in a private firm, utilizing a venture capital financing setting for this purpose. Topics that are expected to be covered include the demand for risk capital, the history and development of the venture capital industry, the entrepreneur and the search for investment capital, the venture capital investor and what it wants from the entrepreneur, the basic terms of the Silicon Valley deal, the more complex later stage financing deal, management incentive arrangements, initial public offerings, venture capital financing documentation (including purchase agreements, stock terms, stockholders' agreements, registration rights agreements, management stock and employment agreements, etc.), and deal process and closings. Relevant legal considerations will be examined, but the emphasis will be on the practical and market considerations involved in these deals. Assignments are intended to simulate the conditions encountered by new associates interacting with a senior partner on client projects, and will include document review and document drafting assignments, as well as a research project. Method of evaluation: Grades will be based on in-class and hand-in writing assignments, as well as classroom participation and attendance. Prerequisites: Corporations or Business Associations. Other helpful courses: Secured Transactions, Corporate Finance, Federal Tax, Contract Drafting. Graduation writing requirements: Drafting assignments and other written work do not meet any of the Law School's graduation writing requirements.