From start-up to IPO
17 Oct - 19 Oct 2021
Session information
Ten top provisions an entrepreneur should consider when planning early-stage rounds
Monday 18 October (0900 - 1000)
Description
Many founders believe that as their business grows, they will lose control of their board and the main strategies of their company. This is not unfounded: in a study of approximately 5,000 companies, founders generally retained only about 45 per cent of total ownership and had to give up significant control over the board after an early stage investment. Fortunately, there are various ways that founders can protect and control the destiny of their business even as it scales to new heights and entrepreneurs need to bring on new stakeholders. These include certain provisions on types of issued stock and board protection clauses, among others. In this panel we will explore the tried and tested methods that funders can employ to ensure they maintain some semblance of power over their business.
Session / Workshop Chair(s)
Andreas Kloyer | Luther, Frankfurt, Germany; European Regional Forum Liaison Officer, Closely Held Companies Committee |
Luciana Tornovsky | Demarest Advogados, São Paulo, Brazil; Secretary, Closely Held Companies Committee |
Speakers
Ivan Delgado | PEREZ-LLORCA, Madrid, Spain; Conference Quality Officer, Closely Held Companies Committee |
Lise Lotte Hjerrild | Horten, Copenhagen, Denmark; Senior Vice Chair, Women Lawyers' Committee |
Elke Napokoj | bpv Hügel , Vienna, Austria |
Louis Oudot de Dainville | Gide Loyrette Nouel, Paris, France |
Ilona Zekely | EPAM Law Offices, Moscow, Russian Federation; Human Rights Officer, European Regional Forum |