Startup Law Summit: Spring 2014
- IIT-Chicago Kent College of Law
- 565 W. Adams St.
- Chicago 60610
What keeps entrepreneurs up at night? Is it the daunting task of incorporation, drafting founder agreements, and/or intellectual property?
On May 3rd, we’re bringing together Chicago’s top startup attorneys to give you candid, high quality advice on your toughest startup law issues. Following our usual intimate and informal “unpluggd” style, attendees will hear no BS legal advice on issues ranging from intellectual property to fundraising.
There will also be a legal clinic where entrepreneurs can ask their burning questions and get real answers from experienced attorneys in a small group.
Held at the IIT-Chicago Kent College of Law (565 W. Adams St.), the Spring Startup Law Summit is the perfect way to get a headstart on educating yourself and getting access to top legal sources in Chicago.
What you’ll learn:
- The Legal Anatomy of a Venture Round
- If CrowdFunding is Right for You
- What to include in a Founders Agreements
- How to Grant Equity Responsibly
- How to get the most out of your legal budget
- How talking to your lawyer can actually save you money
Driving to the event?
We recommend booking your spot with SpotHero. You can reserve your Entrepreneurs Unplugged Law Summit parking via their iPhone / Android apps or online at SpotHero.com. All attendees booking on the mobile app receive $5 of free parking when they use code EULSUM5 at check out.
Legal Anatomy of a Venture Round
Presented by Joshua A. Klein of Neal, Gerber, Eisenberg
Before you attempt to understand the handful of legal documents presented for your first round of financing, you better be prepared to negotiate the term sheet. In order to do so, you will need to translate the “legalese” and nomenclature of venture capital financings.
Whether it’s a convertible debt financing, a “Seed” financing or a Series A round, Josh will guide you through the standard terms and issues confronted in the term sheet. Without diving too deep into the full legal documents, he will familiarize you with the various alternatives typically presented and negotiated in the term sheet.
CrowdFunding and You: Is There a Match?
Presented by Rita W. Garry of Golan & Christie
The SEC published the proposed rules to activate the JOBS Act’s new equity CrowdFunding exemption and the final rules are expected to be effective this Summer. Will the prospect of raising up to $1M by selling securities to the crowd change your financing decisions? Rita’s presentation will overview the proposed rules for this securities offering exemption and discuss alternative legal and capital structures geared toward crowd participation and the legal ramifications of working with funding portals.
Presented by Heather Harper of the IIT Entrepreneurial Law Clinic
Heather’s presentation will highlight fundamental points that you should address in a founders agreement (such as control, deadlock resolution, and how to deal with a founder who isn’t pulling her weight), how to avoid founders disputes, and how to minimize the impact of a founders dispute when it occurs.
Wake Up Kids, You’ve Got the Dreamer’s Disease: You Get What You Give (So Grant Equity, but Grant it Responsibly)
Presented by Mark Ryerson and Jude Sullivan of Howard and Howard
Nearly every start-up grants equity at some point in time, be it to officers, employees, developers, lenders, landlords or other independent contractors. We will examine the business and legal aspects of valuing equity grants, selecting recipients, tying equity to performance criteria, clawing equity back, avoiding the rescission issues an unlicensed broker/dealer may cause, avoiding inadvertently generating income tax liability based on a vesting schedule, the elements of an “equity plan,” and much more.
Choosing your Start up’s attorney and how to get the most out of your legal budget.
Presented by Pamela Belyn of Boodell & Domanskis
You don’t know what you don’t know: How talking to your lawyer can actually save you money.
Presented by Max Stein of Boodell & Domanskis