Entrepreneurship seminars are a mix of case discussions, guest panels, and action-oriented workshops covering topics such as: founders agreements, incorporation, market analysis, product development, funding and deal terms, business models, investor presentations, etc.
Staging Innovation - Kleiner Perkins and Genentech
Today, we are going to try to gain a better understanding of how investors (and founders) “tease out” the risk/uncertainties in early-stage ventures via a series of staged investments—each stage targeting a particular risk/uncertainty facing the venture.
Furthermore, we will dive into the more direct set of nuts and bolts involved in the capitalization of a new company, and the representation of any series of investments in what's called a "capitalization table."
Our anchor for the discussion will be the early days of Genentech, and the initial investments made in the company by Kleiner Perkins.
INSTRUCTOR
David Touve, Senior Director, Ventures, Batten Institute for Entrepreneurship & Innovation