Hanson Bridgett LLP - Sustainable Business News, an E-zine for Sustainable Practices

March 2012

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  EVENTS IN FOCUS

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The Art and Science of Raising Capital

Presented by Hanson Bridgett and Social Venture Network

Despite the promise of increasing amounts of capital flowing into the impact investing space, equity capital raising remains a challenge. Hear a practical, interactive conversation with an experienced investor and a successful serial entrepreneur which addresses the key challenges and success factors of raising capital for social ventures. Peter Strugatz (Strugatz Ventures) and Lloyd James (Imprint Capital) will share tips on the art and science of communicating a compelling investment opportunity.

Moderator:

Teresa Pahl
Partner, Hanson Bridgett LLP

Presenters:

Peter Strugatz
President of Strugatz Ventures

As President of Strugatz Ventures, a strategic advisory firm for high impact investors and social entrepreneurs, Peter advises on raising social capital for growth, debt, and equity restructure. By advising on strategy and supporting leadership Strugatz Ventures helps companies strengthen and grow.

Areas of expertise include valuation, term sheet structure, sales and operations strategy, and management team alignment. Peter has experience in building strategic relationships for revenue growth and sales channel development. Expertise on the supply chain side includes domestic and international manufacturing with Cradle to Cradle and B Corp certifications.

Peter is a long time member and former board member of Social Venture Network and member of Investor’s Circle.

Taylor Jordan
Co-Founder & Managing Director of Imprint Capital

Taylor Jordan has spent the last 9 years in the impact investment space. Mr. Jordan co-founded Imprint Capital in 2007.Imprint Capital Advisors is a mission-driven organization focused on helping clients successfully develop and execute strategies that leverage their capital for impact.

Mr. Jordan works with a six-person investment team to identify and diligence opportunities across asset classes and issue areas. Prior to Imprint, Mr. Jordan served as Director of Investments at RSF Social Finance, a $125 million social finance organization. At RSF, Taylor oversaw capital markets and designed and managed a $40 million impact investment program.

Prior to that, Mr. Jordan served as the Executive Director of The Waldorf Alliance, a nonprofit membership organization and co-founded a multi-media technology company. Mr. Jordan holds a B.A. in Economics from Colorado College and sits on the advisory boards of the Lyme Timber Forest Fund III and Greenmont Capital Partners II.
 

Thursday, May 17, 2012

5:30 pm – 6:00 pm
Registration and Cocktail Reception

6:00 pm - 7:30 pm
Panel / Q&A followed by dessert

Hanson Bridgett LLP
425 Market Street, 26th Floor
San Francisco, California
Directions »

Space is limited.
Pre-registration is required
Cost: $45

Register online »


Issue in Focus

Will California businesses go to Patagonia?: Company first to become a 'Benefit Corporation' allowed in seven states
by Jonathan Storper

On Jan.3, Patagonia, the outdoor apparel company, signed on to become California’s first Benefit Corporation. The formation and operation of benefit corporations are now authorized in seven states, including California, New York, New Jersey, Vermont, Maryland, Virginia and Hawaii and has been introduced in several other states.

This new corporate structure is necessary in order to give companies legal protection to consider non-financial factors.  Otherwise, the company’s sole fiduciary responsibility is to maximize value to shareholders. This traditional way of doing business, with a focus on the short term only is counterproductive in light of our country’s current economic turmoil. Long-term sustainable value, one cornerstone of the benefit corporation model, is the new approach to capitalism.

A benefit corporation is a for-profit corporation, but in addition to creating value for its shareholders, it has three additional attributes: 1. purpose, 2. accountability, and 3. transparency. This article sets out the elements of a benefit corporation, the advantages of a benefit corporation over other forms, and the importance of sustainable capitalism in the new economy. 

Read more »

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HB IN THE NEWS AND OTHER EVENTS

Jonathan Storper named as a recipient of a California Lawyer Attorneys of the Year Award. The awards go to attorneys around the state whose achievements had a significant impact in 2011. Jonathan received his award under the category of "Legislation" for his work helping author AB 361, the Benefit Corporation legislation. More information »


On March 15th Teresa Pahl and Jonathan Storper will present "Legal Implications for International Companies in the US-Financing and IP Issues” for graduate students of Nanyang Tech University's Masters of Technopreneurship and Innovation Program.


James T. Caleshu honoree, Leslie Keil, discusses the firm's partnership with the Lawyers' Committee for Civil Rights and their Legal Services for Entrepreneurs program. Watch video »

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FROM CRITERION VENTURES

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Criterion Ventures is a leading voice in the structuring of social ventures.  Criterion's dual identity in launching social ventures, both for clients and by taking an equity position with internally developed ideas, has resulted in a nuanced understanding of what it takes to launch a venture.  It is itself a unique structure in the world of social ventures. As the world of social enterprise matures, Criterion is helping to create the methodology that can make it more accessible. Criterion has spent the past year creating an easy to engage process to understand how new forms are structured and how they might work to support the efforts of social change agents.

The Structure Lab provides participants with a roadmap of possibilities to navigate this new territory.  Participants will have a clear understanding of the range of possible legal structures that can be employed for their newly forming venture, pros and cons of each of those structures as it applies to their prospective venture, and will be prepared to work with legal counsel to take the next steps in understanding and establishing the optimal legal structure.

Tuesday May 15th
9:30am – 4:00pm

Hanson Bridgett LLP
425 Market Street, 26th Floor
San Francisco, California
Directions »

Register »

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FROM THE PLUG AND PLAY

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You are invited to Plug and Play's Spring EXPO on March 22nd. Join us for an exclusive peek at emerging technologies, rapid-fire pitches, live demos and networking at Spring EXPO.

Plug and Play Tech Center will bring together 30 promising startups from all over the world with 100+ VCs, Investors and Corporate players and an audience of CEO’s, entrepreneurs and technology developers for a day focused on exposure and innovation. The half day conference will give all technology enthusiasts a chance to view up and coming technologies and network with top influencers in the Silicon Valley. 

Speakers include Toni Schneider, CEO of Automattic (the company behind Wordpress).

Thursday, March 22nd
12:00pm – 7:00pm

Plug and Play Tech Center
440 North Wolfe Road
Sunnyvale, California

Register »

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FROM INVESTORS CIRCLE

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Spring Venture Fair 2012

Who should attend?

Angel and other accredited investors, philanthropists, fund managers, family office manages and wealth, financial and philanthropic advisers with their clients. 

What can I expect?

To hear vetted pitches from great for-profit entrepreneurs that are addressing social and environmental issues. We'll look at 15 high-impact deals that are seeking investment and engage in a due diligence process right away.

Presentation Topics

  • CleanTech
  • Sustainable Consumer Products
  • Community & Economic Development
  • Health, Biotech & Wellness
  • Digital Media & Software
  • Education

April 22nd - 24th

Hotel Monaco
501 Geary Street 
San Francisco, California

Information and registration »

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FROM THE PRESIDIO

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Solving the Ben & Jerry's Problem, One More Time
by Kevin Jones

Even though I didn’t know it at the time, looking back I see that I got into what is now called Impact Investing in order to solve the Ben & Jerry’s problem.

For B Corporations – or B Corps – and for the movement being enshrined into law in several states around the country, that means making it legal to have language in a company’s operating agreement that enable it to push back against investors and shareholders who think that the duty of a company is to maximize shareholder return, without thinking about its impact on the environment, society, it’s local community, or any other interested parties beyond those who can make money if the company succeeds. 

Read more » 

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FROM THE PRESIDIO

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Presidio Executive Program Accepting Applications for June Session

Presidio Graduate School invites you to invest in your future by participating in our new streamlined Executive Certificate Program in Sustainable Leadership designed for working professionals seeking a quick and thorough education in the field of sustainability. Applications are now being accepted for our summer session, which begins June 7. Join us for one of our upcoming information webinars to learn how graduates of the program have transformed their careers and their companies.

For more information, contact Bethany Baugh, director of admissions at bethany.baugh@presidioedu.org or (415) 655-8976.
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CALENDAR

March 2012

3/21
East Bay Series: The State of Clean Tech, location TBA

3/19-22
22nd Annual International Conference on Soil, Water, Energy, and Air, San Diego, CA

3/26-28
Cleantech Forum San Francisco, 2012,  San Francisco, CA

April 2012

4/10-12
Navigating the American Carbon World, San Francisco, CA

4/16-18
Fortune Brainstorm Green, Laguna Niguel, CA

4/19
PARC: The Business of Innovation, San Jose, CA

4/20
Global Social Ventures Competition, Berkeley, CA

4/22-24
Investor's Circle Spring Venture Fair, San Francisco, CA

May 2012

5/3-5
Women, Economics and Peace: A Summit of Women's Funding Network, Los Angeles, CA

5/15
The Art and Science of Raising Capital, San Francisco, CA

5/17
Criterion Ventures' Structure Lab, San Francisco, CA

June 2012

6/4-7
Sustainable Brands Conference 2012, San Diego, CA

6/8-10
Be BIG: Step Up, Step Out, Be Bold—in Leadership and in Life, Big Sur, CA

6/22-23
Kaufmann Life Science Ventures Summit, San Francsico, CA

6/27-29
The XII International Symposium on Environmental Geotechnology, Energy and Global Sustainable Development, Long Beach, CA

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HB SUSTAINABLE BUSINESS PRACTICE


Hanson Bridgett is a leading provider of legal services to organizations engaged in sustainable business.
Our clients, who range from large corporations to cutting edge start-ups and socially responsible investors, have selected us because we help them succeed and foster the growth of the sustainable business movement. Our attorneys provide legal advisory services and offer in-depth expertise in the areas of:

  • Clean Technologies
  • Energy
  • Water
  • Green Building, Transportation and Smart Development
  • Sustainable Products and Services
  • Responsible Finance
  • Corporate Responsibility and Governance
  • Responsible Branding and Promotion

       
Teresa V. Pahl, Partner   Teresa V. Pahl
Partner
(415) 995-5079
email »
Jonathan S. Storper, Partner   Jonathan S. Storper
Partner
(415) 995-5040
email »
 
Scott C. Smith, Partner   Scott C. Smith
Partner
(415) 995-5892
email »
Yolanda C. Manzone, Associate   Leslie A. Keil
Senior Counsel
(415) 995-5125
email »
 
 

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Copyright © 2012 Hanson Bridgett LLP

The above has been sent as a service by the law firm of Hanson Bridgett and may be considered an advertisement or solicitation. The content enclosed is not intended to provide legal advice or to create an attorney-client relationship.

Hanson Bridgett LLP, 425 Market Street, 26th Floor, San Francisco, CA 94105