On the first day, we address the fundamental issues surrounding the lead investor discipline. Why operate as a team? What are the advantages/disadvantages of team organisation versus individual responsibility. How do we do this in practice?
Under the same theme, the gaze turns outwards towards the team in the company. What is a winning team and how do we analyse it most effectively? You will be introduced to our team analysis tool, TeamsToWork.
On the second day, we put on the legal glasses and follow up on the team analysis discipline. First, learn the theory behind term sheets and all the necessary legal elements that lead investors need to be well prepared for. Next, we test our knowledge in practice with a “term sheet battle”, where we simulate the most critical elements of a real negotiation situation, such as valuation.
The last part of the day is spent on 4-hour team analysis certification in the tool, TeamsToWork with psychologist and founder, Peter Neville.
On the third day, we will practice the entire due diligence process in a lead team, analyse deal documents and will also discuss the long-term role of the lead team.
What is due diligence? Which focus areas are essential to invest time in and how much time is sufficient? How do we organise ourselves in the process and who should be involved in it? Can you rely on the due diligence of others?
Together with Jørgen Bek Weiss from Lassen Ricard we take a deeper dive into the basic legal documents and give an in-depth introduction to investment agreement, ownership agreement, syndication agreement, captable and test our legal eye by trouble shooting concrete agreement examples.
We will also spend some of the day addressing a number of tax aspects of the whole group set-up that should not be overlooked as well as the lead team’s forward relationship with the business; board roles, reporting obligations and follow-on investments.
The day and the whole course end with a test for self-evaluation of the knowledge you should have acquired.