Term Sheets and Valuations Session #1

As part of our services to member companies we coordinate Lunch & Learns on various topics and recently we’ve been doing a 3 part series on term sheets and valuations.  We did one back in August that our marketing associate, Laura Benold, wrote a post about called If You Don’t Close Sales, Your Company Won’t Survive.

We held our first session on term sheets on September 28, 2009 and here’s a quick overview.  The second session was held on October 5 and the third will be on October 26.

The first in the series on term sheets began with a discussion on basic term definitions and valuations.  Have you ever wondered what the terms like ‘participating preferred’ or ‘liquidation preference’ really mean?  Have you wondered how to structure your term sheets or set your valuation?  The first in the series helped entrepreneurs understand some of the basic and not-so-basic things about term sheet and valuations.   The speakers were:

Jim Nolen holds the title of Distinguished Senior Lecturer in the Department of Finance of the McCombs School of Business at The University of Texas at Austin. He joined the department in 1980 where he currently teaches graduate classes in corporate finance and entrepreneurship.  Jim is the associate director of the Hicks Muse Tate and Furst Center for Private Equity at the McCombs School of Business.  Professor Nolen’s research interests are in the area of business valuation, mergers and acquisition, private equity and venture capital.

Matt Lyons practices corporate and securities law at Andrews Kurth, LLP, where he specializes in representing private and public technology and other emerging growth companies. Matt advises companies, entrepreneurs and investors on forming and operating businesses, raising capital through private and public offerings, buying and selling companies, and on complying with the periodic reporting and Sarbanes-Oxley requirements of the federal securities laws. He also regularly counsels companies and their boards on corporate governance and executive compensation matters. He also represents and maintains relationships with a number of prominent venture capital, private equity and investment banking firms, and he has participated in the formation of several venture capital funds.

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AK TAGLINE_Grey_HiRes_VectorAndrews Kurth is a leading law firm for entrepreneurs, public and private emerging grown companies, and venture capital and private equity firms.  Our firm’s Technology & Emerging Growth practice comprises a dedicated team of attorneys in technology centers around the United States providing focused representation to public and private emerging growth companies and entrepreneurs as well as the venture capital and private equity firms that finance them.  We take pride in having a practical, business-life approach to advising our clients, and we share their entrepreneurial spirit and drive.  Our driven client service teams combine relevant experience with an understanding of a client’s business and markets to provide efficient, cost-effective legal services and creative solutions with an outstanding degree of responsiveness.  We thrive in the fast-paced entrepreneurial world by combining flexibility and speed with the experience that comes from taking billions of dollars in new ventures from inception to IPO and beyond.