Remove Advisory Board Remove Hiring Remove Option Pool Remove Security
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Everything you ever wanted to know about advisors: Part 2.

venturehacks.com

Normal advisors are also assembled by naive entrepreneurs who think the mere presence of an advisory board will create social proof and help them raise money. But investors don’t take these mock advisory boards seriously. Many advisors want options they can exercise immediately —that’s fine.

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Be careful about equity and options!

Berkonomics

First you must create a stock option plan using your attorney, which must be registered in many states as a security offering. Options are usually best with “C” corporations but granting options for either LLC’s or “S” corporations are not a real problem. That size of grant would take much or most of the option pool.

Equity 62
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Careful about equity and options in early stage businesses

Berkonomics

First you must create a stock option plan using your attorney, which must be registered in many states as a security offering. Options are usually best with “C” corporations, but granting options for either LLC’s or “S” corporations are not a real problem. That size of grant would take much or most of the option pool.

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Equity is the currency of early stage businesses.

Berkonomics

First you must create a stock option plan using your attorney, which must be registered in many states as a security offering. An option plan should carve out an addition of about 15% of the “fully diluted” shares. The board must approve the plan including this number, and shareholders must approve the plan as well.