Startup compensation is often an opaque and awkward topic for first-time academic founders. How much equity do I receive? My CEO? The PI(s)? Other co-founders? How will my choices affect future compensation?
For many entrepreneurs, licensing from a university may be a new experience. This series of webinars provides information that will be helpful for academic entrepreneurs contemplating their first (or perhaps subsequent) license from an academic institution. Presented by an attorney who represents many academic startups, including their investors, along with two academic technology transfer veterans, these webinars bring views from both sides of the table and best practices for a fruitful and efficient negotiation.
When a university licenses technology to a startup, a grant of equity is a likely consideration offered by the licensee. To receive the equity, the university will review and negotiate a Stock Purchase Agreement – a legal agreement made between the corporation (startup) and the university that governs the transfer and sale of the corporation’s stock to the university and often related financial terms, which can impact the university’s potential returns.
This workshop will focus on teaching you how to help investigators focus their technology disclosures, funding pitches, and other presentations on the three key factors crucial to gaining interest and commitment: commercial potential, technical merit and investigator willingness to assist.