Law 391 - Venture Capital and the Start-Up Company

Michael A. Woronoff

Michael A. Woronoff

Adjunct Faculty
B.S. Purdue University
M.S. Purdue University, 1982
J.D. University of Michigan, 1985
Course Description:

We will examine the nature and structure of, and the multidisciplinary legal rules relevant to, start-up companies and venture capital transactions.  The course is designed to provide students:

i.  an understanding of the business, economic, psychological and legal issues that confront lawyers and their venture capital and start-up company clients (focusing on how these issues are dealt with in contracts between the parties); and

ii.  an opportunity to develop the legal, counseling, negotiating, drafting and other skills that are important for lawyers practicing in this area.

The course approaches venture capital from both a theoretical and practical perspective.  We will analyze the venture capital process, from initial formation of the start-up company through exit, giving particular consideration to the control structures and incentive mechanisms implemented at each stage. Math competence through algebra is assumed and important.

During the course of the semester, students will undertake projects designed to introduce and develop the skills necessary to practice in this area.

Preparation, attendance and class participation are essential and will be considered in assigning grades. The exam will be graded on the letter basis.

Maximum Enrollment: 16 (subject to increase at the instructor's discretion)

Course Information:
​Faculty Term Course Section ​Schedule ​Units Requisite Satisfies SAW
Michael Woronoff 17S 391 LEC 1 W 8:00 AM - 10:00 AM 3.0 Yes No
  Prerequisites: Law 100. Contracts and Law 230. Business Associations