Jeremy Halpern Presents at The Capital Network’s ’Build a Cap Table and Understand the Dilution Impact of Early-Stage Investment’Print PDF
Jeremy Halpern, a partner in Nutter’s Business Department and the Director of Business Development for the firm’s Emerging Companies Group, will present “Build a Cap Table and Understand the Dilution Impact of Early-Stage Investment” at The Capital Network’s lunch program on July 14. Jeremy’s session will focus on helping entrepreneurs have the maximum understanding of the impact of proposed financing. The session will both explain terms and show attendees the exact numerical consequences of these difficult negotiating points: pre-money, fully diluted equity, option pool, percentage ownership, weighted average anti-dilution, full ratchet anti-dilution, and per share price. Participants will learn how to build their own capitalization table and how to use this tool to understand the dilutive impact of various investment decisions such as: stock options, restricted stock, early stage angel or venture capital investment, down-rounds, and anti-dilution provisions. Nutter will serve as host of the program.