NewsEvents

Webinar: Substance Over Form: Down Round Features And Alternative Structures

August 29, 2023 at 4:00pm5:00pm (CST)
Online

Join Jonathan Pentzien and David He, Singapore-based partners of Gunderson Dettmer, to discuss challenges facing startups and venture investors in the current fundraising landscape. 

The session will cover:

  • An overview of general trends in global and regional venture funding.
  • Alternatives to traditional “vanilla” equity rounds under consideration by founders, boards, and new and existing investors, including:
    • Insider led bridge rounds and the instruments to implement them, including SAFEs, convertible notes, warrants and call options.
    • “Pay-to-play,” “cram-down,” “pull-up,” conversion-price adjustments, redemption rights and other commonly seen features of insider led rounds.
    • Blended valuations, syndicated secondaries and tranched closings.
  • Waivers, approvals and statutory and fiduciary considerations under various funding structures.
  • Long-term implications on the operations, fundability and exit prospects of startups.

This webinar is hosted by the Singapore Venture and Private Capital Association.