The Business of Venture Capital (1082): This course will cover the business of venture capital. We will begin the course with a broad discussion of why venture capital exists, how it works, the role of the LP, and how venture capital firms make investment decisions. Thereafter, we will address term sheets & valuation, managing the lifecycle of a company, and important topics in the governance of early-stage companies (e.g., the rights of common vs. preferred shareholders and ESG). Elements used in grading: Attendance, class participation, written assignments. Interested SLS students should complete and submit an S-Term Course Selection Form 2023 available at https://law.stanford.edu/education/s-term/) by April 25, 2023. Forms received after the deadline will be processed on a rolling basis until the class is full. Course open to GSB students with consent of the instructor. See Non-Law Student Registration available at https://law.stanford.edu/education/courses/non-law-students/. S-Term early start for Autumn Quarter. Class meets September 11 (8:00AM-12:00PM), September 12 (9:00AM-12:00PM), September 18 (8:00AM-12:00PM), September 19 (9:00AM-1:00PM), & September 21 (8:00AM-11:00AM).