Facilitator Guide

Venture Capital Closings

Facilitator Guide

Venture Capital Closings

Topic: Venture Financing
Duration: 1 hr
Format: Remote or in person

What’s covered

Overview of venture capital closings
Timing
Preparing for the closing
Closing documents
Pre-closing procedures
Closing day
Follow-on closings
Post-closing matters

Before the session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

https://www.hotshotlegal.com/trainings/venture-capital-closings/attendee

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

Course

Venture Capital Closings

An explanation of the closing process for venture capital deals, including preparing for and managing a closing, typical closing documents and post-closing requirements.
Exercise
PDF

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

Who typically manages the closing process?
What are some factors that influence the timing of a venture capital closing?
What are the typical principal deal documents?
What are some typical ancillary deal documents?
What’s a bring-down certificate?
Who typically creates the closing/signature checklist?
What are some things company counsel usually does on closing day?
What are some investor requirements to consider?
When do board and stockholder consents have to be signed?
What’s a follow-on closing and when does it typically apply?
What are some common post-closing matters?

Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.

Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.

Part 3: War Stories and Firm Specifics

Share your own experiences and guidance, including:

Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
General practice tips (dos and don’ts)
Firm-specific guidance and practices

After the session

To continue their learning, attendees can check out related courses in Hotshot’s Venture Financing topic.

About Hotshot

Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.