Steve Blank
APRIL 10, 2019
In tech startups stock options were here almost from the beginning, first offered to the founders in 1957 at Fairchild Semiconductor , the first chip startup in Silicon Valley. The investors were giving away part of their ownership of the company — not just to the founders, but to all employees. Here’s why.
Feld Thoughts
APRIL 21, 2014
In 1999 we filed an S-1 to take Sage Networks public. I was a co-founder and co-chairman. Most have an agenda or a vested interest. The post The Great Internet Stock Correction of 1997, or 1999, or … appeared first on Feld Thoughts. Lots of folks are going to pontificate about what is going on in the public markets.
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Start Up Blog
DECEMBER 29, 2019
Interestingly, its founder and CEO Mark Zuckerberg sends a letter to shareholders claiming that its mission of connecting ( controlling ) the world is more important than profit – but he fails to mention in said letter that he can never be removed from office or voted out. I liken it to the dot-com bubble of 1999.
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. He suggests granting the options on day one but making sure they vest only upon satisfactory completion of the project. Dont overlook federal and state securities laws.
Both Sides of the Table
AUGUST 30, 2010
Let me preface by saying I obviously have a vested interest in being wrong about tough times ahead but as the old saying goes, “hope for best, plan for the worst.”. Let me preface by saying I obviously have a vested interest in being wrong about tough times ahead but as the old saying goes, “hope for best, plan for the worst.”.
Both Sides of the Table
NOVEMBER 4, 2009
Stock vests for 4 years. It was 1999. Best to be a founder. You get 1%, you sell for $150 million and it’s in 3 years (e.g. you won the lottery). That’s an after-tax gain of $287,500 / year for 2 years. Wait a second. You didn’t get acceleration on a change of control? Sorry bud. It was easy to do these calcs.
Diego Basch
SEPTEMBER 25, 2012
You are the founder and CEO of GulpMonger, three years out of college, fresh out of Y Combinator. Pretty much all of them admitted that they would party like it’s 1999 if they could get a few million out of their startups. The VC may use a divide-and-conquer approach on the founders to block the sale and/or oust the CEO.
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