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Entrepreneurship in Entertainment Technology

Entrepreneurship in Entertainment Technology. Welcome!. Today’s Agenda. Company Structure Stock Hacks Presentation Skills Next Class Resources. Company Structure. Individual. Corporation. You as an Individual. Own Property. Pay Taxes. Held Liable. Your Own Boss. Sole Proprietorship.

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Entrepreneurship in Entertainment Technology

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  1. Entrepreneurship in Entertainment Technology Welcome!

  2. Today’s Agenda • Company Structure • Stock Hacks • Presentation Skills • Next Class • Resources

  3. CompanyStructure

  4. Individual Corporation

  5. You as an Individual Own Property. Pay Taxes. Held Liable. Your Own Boss. Sole Proprietorship Corporation

  6. Distinct Legal Entity Owns Property. Pays Taxes. Held Liable. Owned by Shareholders. Managed by Board of Directors. Sole Proprietorship C Corporation

  7. You as Individuals Individually: Own Property. Pay Taxes. Held Liable. Agree on Responsibilities and Some Liabilities. Sole Proprietorship C Corporation Partnership

  8. Why not always be a Corporation?

  9. Personal taxes Taxes Personal Income 35% After Tax $ 65%

  10. Corporate taxes Taxes Corporate Profits 35% After Tax $ 65%

  11. Double taxation Taxes Corporate Profits 35% Taxes 35% Personal Income After Tax $ After Tax $ Dividend 43% 65%

  12. Tax Benefits Liability Protection Sole Proprietorship C Corporation Partnership

  13. Tax Friendly Entities Sole Proprietorship C Corporation S Corp Partnership LLC

  14. Distinct Legal Entity Owns Property. Held Liable. Owned by Shareholders*. Managed by Board of Directors. Passes Income Through to Shareholders. Sole Proprietorship C Corporation S Corp Partnership LLC * with specific limitations

  15. Distinct Legal Entity Owns Property. Held Liable. Owned by Members. Members Set The Rules. Sole Proprietorship C Corporation S Corp Partnership LLC

  16. Company Structure Sole Proprietorship C Corporation S Corp Partnership LLC

  17. Evil Powerpoint alert!

  18. Summary

  19. One more thing… • Best chance to define everyone’s role • and worst case scenarios. • Do it.

  20. Stock Hacks

  21. Valuation • Value of Company • = $ / share • Shares Outstanding

  22. Stock Options • Promise of Future Purchase at Today’s Price

  23. Vesting

  24. Classes of stock • Restricted • Preferred

  25. Liquidity • Private vs. Public

  26. Stock Hacks • Valuation • Stock Options • Vesting • Classes of Stock • Liquidity

  27. Presentationskills

  28. Presentation skills

  29. Pitch mvp • The Problem • The Solution • Why You • The Ask

  30. BEST • Tell a Story

  31. Next Class

  32. Homework • Watch Breakdown of Next Big Sound at • http://thisweekin.com/thisweekin-techstars/alex-white-of-next-big-sound-on-this-week-in-techstars-25/ • (starts at 8:45)

  33. Presentations • Pitch your company with style Grab the audience Quick roadmap Who you are The problem The solution Why you Summary • Story!

  34. Resources

  35. Resources • Company Structure • A good corporate lawyer! • http://www.bizfilings.com/learn/llc-vs-s-corp.aspx - a lite overview of LLC vs. S Corp tradeoffs • Presentations • TechStars • TEDTalks • Links from in Class • ScriptPadhttp://vimeo.com/14131178 • TechStarshttp://thisweekin.com/thisweekin-techstars/alex-white-of-next-big-sound-on-this-week-in-techstars-25/ • VC and Funding – Fred Wilson • www.avc.com – blog of Fred Wilson, VC • http://www.avc.com/a_vc/mba-mondays/ - subset of his posts dealing with business • @fredwilson - follow him on Twitter

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