Already an IBA member? Sign in for a better website experience

Session details

From start-up to IPO

17 Oct - 19 Oct 2021

Session information

Ten top provisions an entrepreneur should consider when planning early-stage rounds

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 and Growing Business Enterprises Committee
Luciana Tornovsky Demarest Advogados, São Paulo, Brazil; Secretary, Closely Held and Growing Business Enterprises Committee

Speakers

Ivan Delgado PEREZ-LLORCA, Madrid, Spain; Conference Quality Officer, Closely Held and Growing Business Enterprises Committee
Lise Lotte Hjerrild Horten, Copenhagen, Denmark; Senior Vice Chair, Women Lawyers' Interest Group
Elke Napokoj bpv Hügel Rechtsanwälte GmbH, Vienna, Austria
Louis Oudot de Dainville Gide Loyrette Nouel, Paris, France
Ilona Zekely Egorov Puginsky Afanasiev & Partners LLP, Moscow, Russian Federation; Human Rights Officer, European Regional Forum