Legal terms for early stage investments and Legalese

By 2015-07-09Events

Event Information:

The event will start on: 09 Jul 15

And will end on: 09 Jul 15

At JFDI.Asia, Singapore

Startups and investors are bound by legal agreements, from inception to IPO the legal terms are critical to the development of a company. Although counting on professional legal counsel is necessary, a good understanding of the main legal terms, mechanisms and documents is of great help when investments happen.

An investment round, no matter how small, is more complicated than the typical contract, because it involves multiple parties and multiple agreements required by law. After 60+ financings, JFDI.Asia developed Legalese to streamline the process of early stage investment, reducing a process that usually takes months to days.
BANSEA and TiE are organizing a joint presentation covering the key legal aspects to look at when investing in early stage companies
  1. RHTLaw Taylor Wessing will introduce the key legal terms and documents in a 45m session
  2. Introduction to Legalese, a great tool to produce legal agreements for start-ups, developed by one of our BANSEA and TiE Member, Mr. Wong Meng Weng from JFDI.Asia.
Audience: Startup founders; angel investors; associates or partners at early-stage VC funds and crowdfunding services.
Prerequisites: An account on Google Drive. Please bring your laptop to the workshop.
Takeaways: In this workshop, you will learn:
  • good understanding of the main key aspects applied to early stage investments.
  • what paperwork is needed to issue a new round of shares or convertible debt
  • how pro-rata rights work and why you need sign-off from previous shareholders
  • how to characterize your deal in the form of a cap table
  • what online resources are available for doing an early stage deal
  • how to use Legalese to produce agreements and send them for execution
  • how to use Legalese for other agreements such as an NDA or vesting ESOP
  • the differences between a SAFE, a KISS, a convertible note, and Series AA.

Workshop Presenters


Speaker: Meng Weng Wong
Meng is deeply engaged with the startup ecosystem as an angel investor, a board member of the Indus Entrepreneurs and the Business AngelNetwork of South-East Asia, and as founder of JFDI.Asia, Singapore’s first seed accelerator.

The co-founder of Hackerspace.SG, he also volunteers as a mentor with the Founder Institute and an Entrepreneur in Residence at the INSEAD Business School. At JFDI.Asia he mentors startups from idea to investment-readiness in 100 days, and continues to coach founders on leadership and management until they reach Series A funding.

 

Speaker: Michael Chong
Michael is a Senior Associate (Foreign Lawyer). He has done his LL.B (Hons) from University of Melbourne; Advocate & Solicitor, Australia. Michael has extensive experience in complicated cross border matters which often span developed, emerging and frontier markets. His clients have included Telecom providers, multinational technology businesses, start-ups, established businesses and a wide range of investors seeking exposure to the information technology sector. Practice Areas: Corporate; Commercial; Merger, Acquisitions & Divestments; Private Equity Funds; Asset Management; Capital Markets, Regulatory Compliance and Corporate Governance

The attendance is free for BANSEA and TiE members, small participation required for other participants. Light refreshments will be provided.

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http://www.eventbrite.sg/e/legal-terms-for-early-stage-investments-and-legalese-tickets-17509793263