Changing venture terms in a downturn

Torys Webinar

June 18, 2020 12:00 - 13:15

The venture industry is feeling the effect of the COVID-19 pandemic with both startups and VCs already having to navigate new challenges in order to emerge on the other side of the crisis ready to thrive. Partner and Chair of the Emerging Companies and VC practice Kristine Di Bacco will share her insights on the effect of the downturn on venture financing terms, what the market can expect to see and how these changes will affect existing and new investments.

Kristine will touch on some of the key legal considerations for both emerging companies and VCs during volatile economic times, and will cover topics such as:

  • the implications of a decline in valuations;
  • the seniority of various series/classes of preferred stock and how to address liquidation preference overhang;
  • down rounds and pay-to-play transactions; and
  • use of anti-dilution protection.

Time: 12 p.m. EDT webinar opens | 12:15 p.m. – 1.15 p.m. EDT presentation 

New York: This program contains 1.0 Areas of Professional Practice Credit.
Ontario: This program is eligible for up to 1.0 Substantive hour.

Click here to register.