Venture Capital II
This class will focus on the legal and non-legal tactical details of entrepreneurial endeavors. The legal specifics of corporate formation, tax, and contracts are well covered by a variety of other courses at the Law School and will only be reviewed briefly in this course. Instead, the course will examine the life stages (formation, financing, execution, and exit) of a venture-backed company from the entrepreneur's perspective. Students who are interested in either starting companies or working with startup founders as their legal counsel will solidify their foundations in this course. There will be no textbook - course materials will include PowerPoint slides, readings from various entrepreneur and venture capital blogs, sample business plans, and other sources. Grades will be based on class participation (10%), short reflection papers and/or short problem sets (15%), and a 60 minute oral business plan presentation with accompanying slide deck and written business plan. You will be required to present a business plan to a panel of 3-4 people, at least one of which will be Dan Siciliano or John Rodkin. The presentation, including Q&A, should be approximately 60 minutes. In addition to the oral presentation (with accompanying slides), you'll need to turn in a written mini-plan (executive summary, lead generation, sales, and marketing) (no more than 5 pages), a capitalization table (current and after at least two more future rounds of financing), a long term financing plan with corresponding milestones for each round of investment, and written follow-up for any unanswered questions during the presentation. (Don't worry if you don't yet understand all of these terms - that's why we have the course!). Consent Application: To apply for this course, students must complete and e-mail the Consent Application Form available on the SLS Registrar's Office website (see Registration and Selection of Classes for Stanford Law Students) to the instructors. Special Instructions: Prerequisites: QM Finance or equivalent modest background in finance and Venture Capital (or Venture Capital I) are recommended but not strictly required. Elements Used in Grading: Class participation (10%), several short reflection papers and/or short problem sets (25%), and a 60 minute oral business plan presentation with accompanying slide deck and written business plan (65%).
Instructors for this courseF. Daniel Siciliano