Do you know who owns what percent of your company? If you sold your company, do you know who would be paid first? Are you sure you have enough authorized shares to cover outstanding options and warrants? What number of shares would a certain dollar investment buy? If an investor or acquirer asked you these questions tomorrow, would you be able to answer them? In this informative seminar, attorney Rick Randel and CFO consultant John Beck share meaningful insights on why it is so important to keep track of the ownership of your company, including:
- The basics of capital structure
- Why you need to understand your cap table
- How to keep your cap table
- Pitfalls of not keeping a cap table
- Dilution might be a good thing!
Randel Law, Inc.
Rick Randel counsels business owners and their advisors on matters involving corporate finance and securities law, exit and succession, equity compensation, and mergers and acquisitions. Rick guides business owners through the funding process, helping them issue stock to investors, bring in partners, form strategic alliances, incentivize employees with equity, obtain liquidity from their company, and transition to new ownership through exit and/or succession. Rick has substantial experience in private placements of securities; formation and organization of corporations, partnerships and limited liability companies, buy-sell agreements, equity compensation (including stock options), exit and succession, owner liquidity, ownership transition, and mergers & acquisitions.
Chief Financial Officer
John Beck started BeckCFO in 2007 and brings over 30 years of experience in financial management, strategic planning and execution for startup firms in a variety of industries. In 2008, John was named as a finalist for CFO of the Year by the San Jose Business Journal in the category of CFO for Hire. For the past 11 years, John has been the interim or part-time CFO for many venture capital backed start-up and development stage companies.
John has helped these start-ups through the early stages of seed and Series A funding, subsequent rounds of equity funding, arranging debt financing as appropriate, and generally continues to work with these companies until significant revenues begin, at which time the company will transition to a full-time regular CFO. John has worked with early stage companies in life sciences (medical device and pharmaceutical), fabless semiconductor, software and software as a service, hardware systems, and services.
About ASL Emerging Business Group: Best Practice Series
Abbott, Stringham, & Lynch (ASL) Emerging Business Best Practice Series consists of lunchtime seminars that address ideas and facilitate discussions around financing, operations, building a team, and other areas essential to the success of emerging businesses.
ASL established the Emerging Business Group to help start-up and growth companies. The Emerging Business Group provides a knowledge resource center of best practices for emerging businesses to streamline systems and operations, reduce regulatory risk, market themselves effectively, and free up entrepreneurs to focus on the business at hand.