Having a successful EXIT starts before your first Capital Raise. Getting the detail of the Capital Raise right can make or break an EXIT further down the track. Now we have put into one simple course all the things you must consider and get right when Raising Capital to make your EXIT run smoothly.
When you want Capital, it can be daunting.
Who can I approach?
How much do I need?
What will I have to give away?
There are many groups that you can approach, Family & Friends, Angel Investors, VC, PE, etc.
There are also many ways to raise capital from selling equity, convertible notes or raising debt, each has an upside and a down side and some can be quite nasty when it comes time to sell.
After all, the devil really is in the detail with many deals.
And as they say, Fore warned is fore armed, so get armed and find out just where the black holes are when negotiating a capital raise.
In this course we will cover:
Topic 3: Use of a Shareholder Agreement
Having a shareholder agreement is critical to having a great EXIT, yet most advisers get this wrong. We will explore the interaction of a shareholders agreement and the company constitution, including the ASIC replaceable rules. We will show you what sections make up a shareholders agreement, which subjects you will need to include and why.
We also provide a template shareholders agreement that you can modify for your use. Remember to get legal advice on this as well. We will tell you what questions you should ask the lawyer.
TOPIC 1: Who can I raise Capital from?
In this module we explain the difference between Family & Friends, Angels and VC funds. Which investor group should I target? What returns do each group want? Who will invest at what stage and what are they likely to want in return?
Topic 2: What do I issue?
There are many ways to raise capital and the way you do it will have a MAJOR impact on your EXIT. In this module we explain when and how to use equity, when to use debt, and what are all the various combinations of Convertible Notes, including S.A.F.E. notes. ?
Topic 4: How do I agree a Valuation?
The valuation that is agreed at a Capital Raise is very different to an EXIT valuation. We will explore the differences with stats and figures from the latest capital raising activity. There is an art to crafting a god capital raise, we will help you understand how to do this.
WHY AM I DOING THIS?
I started off Capital Raising for ASSOB, the Australian Small Scale Offer Board. In those days, we were working under a class order exemption to the Corporations Act. Since then, the Capital Raising world has got more sophisticated, there are more Angels, more Funds and yet just as many mistakes are being made now as was made back when I started.
Mistakes at the Capital Raising follow you through your Start-up life and can rarely be undone.
So why am I bundling up thousands of dollars of value in this course – easy, if you get it right at the Capital Raise time, you make my life a lot easier when we come to sell you start-up.
Even if you use someone else, you will get a better result on EXIT.
And every successful EXIT builds our economy stronger.
So I decided to bundle this knowledge up into this course.
Also if you stuff up your Family & Friends round, you will make subsequent rounds harder and harder.
REMEMBER only about 20% of Founder’s have a successful EXIT,
If you follow the guidelines in this course, there will be a few less reasons to fail.
So let’s get started:
If you think this is right for you and you want to jump straight in for the amazing price of $770 then you can short circuit the process by: