Capitalization Table Modeling (Chicago)

In Partnership with the Illinois Venture Capital Association, Wall Street Prep will be conducting a 1-day Capitalization Table Modeling seminar, which is designed to assist venture capital and investment banking professionals in understanding how to model out early-stage investments.

Agenda

Conceptual overview of early-stage investing

• Convertible debt common terms and features
• Convertible preferred stock common terms and features
• Stock options common terms and features
• Warrants common terms and features
• Common equity

Modeling the cap table

• Pre-investment ownership
• Modeling investment terms
• Liquidation preference multiples
• Participating vs. non-participating preferred shares
• Capped vs. uncapped participation
• PIK vs. cash dividends
• Stacked vs. pari passu participation
• Stock option pools and warrants
• Common stock
• Modeling the exit valuation assumptions

Modeling the waterfall (flow of funds)

• Modeling dynamic conversion
• Calculating proceeds
• Inserting error-checks into the waterfall
• Building a durable decision tree into the waterfall
• Calculating returns and proceeds at various sensitivities

Date: September 27th , 8AM-5PM

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