Month: December 2012
Q: As a rookie VC trial by fire is a great way to learn. Aside from crunching through some early deals, where are the best executive programs and crash courses for newbies to the VC world?
A: While self serving, we recommend you start with our book – Venture Deals: Be Smarter Than Your Lawyer And Venture Capitalist. In addition, there are a bunch of courses now using the book that are referenced on the web that include additional materials that are helpful.
Jason also did an excellent Crash Course on Venture Capital – the 90 minute video is below.
There is also extensive information on the National Venture Capital Association website, the four day Venture Capital Institute is entering its 38th year, and the Kauffman Fellows Program is entering their 18th year.
If you know of other web based resources, please add them in the comments.
Q: We are a Delaware C Corp registered as a Foreign Entity in Colorado our home state and we need to figure out the answers to the following questions with regards to stock certificates.
1. Who gets stock certificates issued and when?
My assumptions are that cash investments DO get certificates, warrants DO NOT.
Founders and Employees with vesting schedules DO NOT get certificates, until a portion of stock is vested.
2. Do the buy and print your own certificates follow the normal process?
3. Do private C Corps file capitalization stables with the SOS?
It’s a pretty simple answer, really. If you buy the stock, you get the certificates. So cash investors do get certificates. Warrants and options are securities that provide the holder to exercise them later by paying for the stock at a pre determined strike price. At the time of exercise, money is paid by the holder to the company for the stock subject to that warrant or option and then a certificate is issued. The options can not be exercised until vested, as you suggest.
i’m not sure what “buy and print” your own certificates mean, but there is no form that you have to follow. It just needs to be signed by the President and Secretary of the company. Furthermore, cap table are not filed anywhere. You may keep this information private.