Both Sides of the Table
JULY 22, 2010
Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Other founders, “as a privately held company we don’t disclose our valuation.&# Me, “dude, I’m not a journalist. No option pool shuffle. No gotchas.
www.inc.com
SEPTEMBER 24, 2011
Before Roving Software could receive its first round of financing from professional investors, in early 1999, he had to put all the stock arrangements in writing. If youre offering the consultant stock options, youll also want to take into consideration what the exercise price is going to be and how long the options will be outstanding.
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Both Sides of the Table
NOVEMBER 4, 2009
When I was CEO of my first company (where I admittedly F’d up everything before I figured it all out) we initially calculated for people how much there options were going to be worth some day. It was 1999. When we next spoke he had found out that the CEO had about 5% and there was no management option pool in place.
ithacaVC
SEPTEMBER 4, 2011
When I was General Counsel at a tech company during the 1999 bubble times, I kept the company’s Cap Table. Note how the new CTO Praveena implicitly negotiated to get her 15% founders shares after creation of the stock option pool. Cap Tables can be very complex depending on the company’s financing history.
Both Sides of the Table
FEBRUARY 22, 2011
You may feel as I did in 1999 that the more smart people around the table the more intros you’ll have, the more sage advice you’ll receive and the more impressive you’ll seem to outsiders. The Perils of Many. I understand the appeal of having many VC firms on your cap table.
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