Over the past year, venture financing has become more challenging as valuations drop, deal terms get tougher and rounds take longer to close. This program will focus on steps that companies should take in anticipation of longer fundraising cycles. In addition, we will discuss the impact of down rounds and how best to prepare for them. Finally, we will discuss some of the funding terms that are more common in difficult markets and provisions such as “pay to play” that are invoked more frequently when companies find the next round hard to close.
Speaker: Dror Futter (http://www.mccarter.com/Dror-Futter/) is a partner in the Venture Capital and Emerging Growth Companies practice of McCarter & English, LLP. Dror has more than 20 years of high tech and intellectual property legal and business experience, including as the former General Counsel to Vidyo, Inc. and New Venture Partners LLC, and as Corporate Counsel at Lucent Technologies, Inc. Dror is a recognized thought leader in the areas of venture capital and technology transactions. He has served on the Model Forms Drafting Group of the National Venture Capital Association and is a frequent speaker on venture related topics for Meetups and conferences. Dror holds a B.A. from Princeton University, a J.D. from Columbia University School of Law and an Executive MBA from the American Electronics Association Executive Institute of Stanford University.
Doors will open for networking at 9:30am.
This program is part of McCarter & English’s ongoing series on legal and business topics for entrepreneurs and emerging companies. Programs are held once or twice each month and are open to members of the CIC and their guests, as well as to the greater Boston entrepreneurial community. Contact: Benjamin Hron, 617-449-6584, email@example.com, @HronEsq
About the McCarter & English Venture Capital and Emerging Growth Companies Group
McCarter’s Venture Capital and Emerging Growth Companies Group is dedicated to helping entrepreneurs build and finance their businesses and assisting angel and venture capital investor invest in early stage and emerging companies. The group is composed of tech-savvy lawyers who have helped build, grow, finance, sell and take companies public across the full spectrum of businesses, including Internet, software, medical devices, new media, life sciences, cleantech, healthcare, consumer products, biotechnology, retail, e-commerce, entertainment, financial services, insurance and telecom. We were recently ranked among the most active law firms at the global, national and regional levels by PitchBook, a comprehensive source of information on the activities of venture capital and private equity firms as well as their affiliated service providers. For more, click here.
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McCarter & English LLP
McCarter & English, LLP is a firm of over 400 lawyers with offices in Boston, Hartford, Stamford, New York City, Newark, East Brunswick, Philadelphia, Wilmington and Washington, DC. In continuous business for more than 160 years, we are among the oldest and largest law firms in America.