After closing a deal, it is essential that the founder maintain a strong affiliation with the investor. Continued mutual trust and communication can increase the company's chances for growth and success.
In this course, you will formulate a structure for you company that outlines the key parties and their responsibilities. You will also draft a board meeting agenda, investor update, and delegation matrix and list the characteristics of your incentive plan. Finally, you will project an index of the company records that are likely to be added one year after your investment date. By the end of this course you will have a detailed plan to help you successfully navigate your post-investment future.
It is recommended to take Assessing Startup Viability and Funding Options; Pitching Your Business Opportunity; Protecting Your Interests; Valuation, Dilution, and Financial Planning; and Company Structure and Due Diligence or to have equivalent experience prior to this course.
KEY COURSE TAKEAWAYS
Create a company structure that protects company and investor interests
Create a board meeting agenda, investor update, and delegation matrix
List the characteristics of your incentive plan
Create an index of future company records for the next round of financing
Executive Director, Cornell Center for Regional Economic Advancement
Tom Schryver is the Executive Director of the Cornell Center for Regional Economic Advancement (CREA) and is a Visiting Lecturer at the Johnson Graduate School of Management. CREA’s programs include Rev: Ithaca Startup Works, the Southern Tier Startup Alliance, and support of Cornell’s regional economic advancement efforts. He leads the Upstate NY I-Corps Node and is the lead instructor for Cornell Engineering’s Commercialization Fellows program. He serves on the teaching team for eLab, Cornell’s student business accelerator, and teaches entrepreneurship and business strategy at Cornell.
Mr. Schryver is an experienced entrepreneur, having served as a startup founder and senior finance executive of high-growth companies. Previously, he was Director of Finance for the Triad Foundation, where his responsibilities included investing the Foundation’s $250m portfolio to top-quartile returns. His board affiliations include the Cornell Agriculture and Food Technology Park and Tompkins County Area Development, and as board vice-chair of the Business Incubator Association of New York State.