Legal Bootcamp for Entrepreneurs with Wilson Sonsini
The Legal Bootcamp for Entrepreneurs is an exclusive one-day program designed for those in the process of – or considering – starting a new venture. Join us for practical information on the legal and business issues facing today’s entrepreneurs. This event is free but space is limited and registration is required.
The day begins with an overview of the process of incorporating a company, strategies for allocating stock, and case studies of real startups. Then we'll dive deep into intellectual property, the licensing process, and how to align your IP portfoilo and business goals. Next, we'll learn about fundraising, from valuations and investor expectations to negoations and how term sheets work. The day will conclude with a panel presentation from entrepreneurs and investors, and a networking reception.
9:30 am - Registration & Networking
10:00 am - Overview/Trends and Forming and Organizing the Startup & Founders Stock
Our presenter will provide an overview of the startup process and financing trends of new entrepreneurial ventures. Then, we will explore some of the early decisions related to formation of the startup entity, including timing, documents, and choice of entity. We'll also cover strategies for allocation of founders’ stock and composition of the board of directors.
11:00 am - Intellectual Property: Licensing
We will review licensing strategies, and outline how to work with the university's technology office.
12:15 pm - Networking Lunch
12:45 pm - Intellectual Property: Patents
The speakers will discuss the importance of developing an IP strategy that fits the business. This session will focus on patents, their role in your IP portfolio, the relationship between IP protection, and the commercialization objectives of your business.
1:45 pm - Business Plans, Fundraising, and Valuation
This session will include a discussion of how to organize the business plan as a critical planning tool and provide practical guidance for preparing an executive summary, including financial projections and budgets. We will also explore strategies for approaching the investment community and understanding alternative sources of funding. Then, we will examine the methods commonly used to determine a company’s valuation and address how investors utilize them to value early-stage companies and technology projects. The speaker will help you understand investor expectations, including board seats, liquidity, registration rights, and non-compete agreements, and discuss key provisions to include in term sheets and negotiation strategies for achieving the best-case investment scenario.
2:45 pm - Break
3:00 pm - Term Sheet Workshop
4:00 pm - Panel
Listen to a panel of Chicago entrepreneurs and VCs as they talk about the journey from idea to innovation, all the way to realization.
5:00 pm - Networking Reception
Presented by Wilson Sonsini Goodrich & Rosati, Silicon Valley’s premier legal advisor and the Polsky Center for Entrepreneurship and Innovation.
Thank you to our partners!