Private Markets
Venture Capital
Cap tables, term sheets and fund economics.
Overview
The mechanics of early-stage investing that every VC professional and founder-facing investor needs. We cover cap tables, term sheets, valuation and the fund economics that sit behind the cheque.
Who it's for: VC professionals, angels, and corporate venture teams.
What you'll cover
- Cap tables: ownership, option pools and dilution
- Pre-money and post-money valuation
- Term sheets: economics and control
- Convertible notes, SAFEs and priced rounds
- Fund economics: waterfalls, carry and the J-curve
- Modelling ownership and returns across rounds
What delegates can do afterwards
- Build and interpret a cap table across multiple financing rounds
- Calculate pre- and post-money valuation, dilution and ownership
- Interpret the economic and control terms in a term sheet
- Explain fund economics, including waterfalls, carry and the J-curve
Discuss a programme
Tell us who the programme is for, roughly how many delegates, and what they need to be able to do afterwards. We will come back with a proposed structure and outline.