Angela_De_Giacomo_Venture_Capital_Playbook_Website_Mockup_Book_Mood_blau_DOC-9.jpg

The Venture Capital Playbook

How families and family offices can invest in startups successfully

by Angela De Giacomo in cooperation with HEUKING and “wir – Das Magazin für Unternehmerfamilien”

Welcome to the digital content announced in The Venture Capital Playbook!

You have scanned the QR code from the book and will find in-depth legal expertise and practical tools for your venture capital investments here.

Eight HEUKING experts have contributed their specialized knowledge in venture capital, investment funds, capital markets, and tax to the practical handbook.

The updated edition of The Venture Capital Playbook by Angela De Giacomo demonstrates where venture capital fits within strategic asset allocation and how investors can avoid costly mistakes and seize opportunities by drawing on legal insights from HEUKING and the experiences of eleven families.

The content of this platform aligns closely with Angela De Giacomo’s explanations in The Venture Capital Playbook.

Overview of employee participation schemes for German startups

Detailed description of common employee participation schemes, their tax treatment, and structuring options based on a one-pager containing all essential information.

Sample term sheet

An annotated example of a term sheet that outlines the most important economic and legal key points of a VC financing round.

Sample cap table

A practice-oriented template for visualizing the ownership structure, including employee participations, convertible loans, and dilution effects, as well as an accompanying article on, among other things, significant stumbling blocks in connection with the cap table.

Due diligence process from a legal and tax perspective

Conducting Legal and Tax Due Diligence – Common Pitfalls and Practical Mitigation Tips

IPOs of VC-funded companies

A practical overview of the various ways to go public, from traditional IPOs and technical listings to SPACs and reverse mergers. Particular attention is paid to the legal and organizational requirements, exit readiness, and typical pitfalls for founders and investors.

Legal pitfalls associated with an exit

Overview of the most common legal pitfalls when selling start-ups.

Waterfall calculations

Example of a simplified waterfall calculation for simulating various exit scenarios.

Liquidation preferences and down round protection

Investors counter valuation and value increase uncertainties in startups with liquidation preferences and a down round protection. This article explains their significance and possible structuring options.

Indirect Investments: Side letters

Information on the individual structuring of ancillary agreements in the context of fund investments, including typical regulatory content and scope for negotiation.

The Author

Angela De Giacomo

Angela De Giacomo has extensive practical VC experience. Until 2021, she led an international family office and subsequently served as CIO of Thomas Falk’s single-family office (eValue AG), overseeing more than 80 VC investments. During this time, she helped establish the fund-of-funds Vinthera. Her achievements have earned her recognition from Capital (“Top 40 under 40”), Focus (“100 Women of the Year”), and DUP UNTERNEHMER (“Top 50 Women for Germany’s Future”).

“This book is the opposite of a theoretical collection: eleven families and eight HEUKING experts, together with me, present various ways to participate in VC and avoid costly mistakes. The result is a pragmatic guide that empowers every investor to invest professionally in the future,” explains Angela De Giacomo.

Angela de Gioacomo - Copyright Markus Rack

The lawyers involved

Ariane Neubauer
Berlin
Dr. Oliver Böttcher
Cologne
Dr. Christoph Gringel
Frankfurt
Dr. Thorsten Kuthe
Cologne
Dr. Henrik Lay
Hamburg
Christoph Prochnau, LL.B.
Hamburg
Roman Ettl-Steger, LL.M. (King's College London)
Munich
Mark Rossbroich, LL.M. (King's College London)
Cologne

You are currently using an outdated and no longer supported browser (Internet Explorer). To ensure the best user experience and save you from possible problems, we recommend that you use a more modern browser.