WUTIF News & Updates

Mar 15, 2021, Veracyte, Inc. (Nasdaq: VCYT) announced it has completed its USD$600M cash acquisition of Decipher Biosciences, Inc. of San Diego to further solidify its global leadership in genomic diagnostics. Decipher, formerly named GenomeDx was founded in Vancouver BC. Bruce Schmidt, a WUTIF director, was a co-founder. Feb 9, 2021, WUTIF’s Investee, Tantalus Systems …

Adding Value Through Due Diligence

WUTIF Capital receives many requests for funding.  We have to be efficient at evaluating companies to determine if the investment opportunity meets our criteria for investment. Our purpose is to accelerate the success of technology entrepreneurs through our funding and stewardship of the companies.  We believe that we provide a benefit to every start-up business …

The Board of Directors

“We must all hang together, or assuredly we shall all hang separately!” (Benjamin Franklin) The Team There are many sayings like the one quoted above to remind managers and entrepreneurs that it takes a team to build a successful venture. A company’s board of directors is the ultimate team that accepts the overall responsibility for …

Why so many Share Classes?

Corporate life used to be simple in that a company would have one class of shares: Common Shares. Every shareholder had the same entitlements regarding voting, and participating in dividends and exits. However, as the investment landscape changed with the increased participation of various types of investors, so have corporate structures evolved. Share Types There …

WUTIF’s Term Sheet

A “Term Sheet” is a document that summarizes the terms of an investment. It’s usually proposed by the investor(s) and spells out what they want in order to proceed with an investment. I’m not sure why it’s not called a “Terms Sheet” since there are many terms in it. Perhaps that came about because the …

Due Diligence Checklist

Due Diligence Checklist 1.     Corporate Structure and Corporate History Articles of incorporation Corporate by-laws and operating agreements Minutes of Board of Directors and Shareholder meetings Past and Current Shareholders Agreements All other documents provided to directors and shareholders Board of Directors Members (Experience and Skills) Business Advisory Board Members (Experience and Skills) Officers of the …

Investment Agreements – a Legal Maze

A question that is often asked by both investors and entrepreneurs is, “what is needed to document an investment transaction?” As an entrepreneur you may be mazed by the legalese pertaining to investment documents. When you sell shares in your company, at a bare minimum, all you technically need is to issue shares (paper or …