SAFEs, Convertible Debt and Priced Equity: Evaluating Deal Structures for Early Stage Financings
Pros and Cons of Different Financing Options for Entrepreneurs and Investors
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will discuss the pros and cons of simple agreements for future equity (SAFEs), convertible debt, and priced equity rounds and how to evaluate the optimal deal structure for start-up investment financing rounds. The program will present perspectives from both issuers/owners and investors, as well as look at the current terms and trends for financing early-stage companies.
Outline
- Current market terms and trends
- SAFEs: key terms
- Convertible notes: key terms
- Priced equity rounds: key terms
- Pros and cons of each deal structure
Benefits
The panel will review these and other highly relevant issues:
- Current terms and trends for financing early-stage companies
- How to determine the preferred deal structure: SAFEs, convertible debt or priced equity rounds
- Comparing and contrasting SAFEs vs. convertible notes vs. equity rounds
Faculty
Terrence M. (Terry) Kerwin
Partner
Fox Rothschild
Mr. Kerwin is a partner in the firm's Corporate Department. He is also a member of the firm’s Emerging... | Read More
Mr. Kerwin is a partner in the firm's Corporate Department. He is also a member of the firm’s Emerging Companies & Venture Capital Practice Group and a founding member of the Technology Practice Group. He works with clients across a range of industries, and regularly advises startup and growth-stage companies on various matters from formation to exit, including choice of entity, corporate governance, corporate finance, private equity and venture capital transactions, securities, commercial contract preparation and review, employment issues, buy-sell agreements and shareholder disputes, intellectual property protection and transfer, and mergers and acquisitions. He is actively involved in the Philadelphia Alliance for Capital and Technology (PACT) and the Philadelphia Chapter of the Association for Corporate Growth (ACG).
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Elizabeth D. Sigety
Partner & Chair, National Emerging Companies & Venture Capital Practice
Fox Rothschild
As an attorney practicing finance and franchise law in Pennsylvania and New York including a strong presence in the New... | Read More
As an attorney practicing finance and franchise law in Pennsylvania and New York including a strong presence in the New York City, Philadelphia and Bucks County regions, Ms. Sigety focuses on a wide variety of corporate, finance, mergers and acquisitions, franchising, licensing and distribution matters. For 30 years, she has been a trusted adviser to clients, including emerging companies and entrepreneurs, handling business and financial transactions such as venture capital and angel financing, mergers and acquisitions, structured finance, securities, private placements, franchise regulatory matters and franchise agreements. She offers her clients a comprehensive practice equipped to provide risk management through innovative guidance in a company’s expansion
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