Remove Advisory Board Remove Option Pool Remove Sales Remove Security
article thumbnail

Be careful about equity and options!

Berkonomics

The document should also contain clear buy-sell clauses, forcing any sale of shares to first be offered to the corporate treasury, then to the other founders in proportion to their holdings, and then if there is no interest, to outside investors. That size of grant would take much or most of the option pool.

Equity 62
article thumbnail

Careful about equity and options in early stage businesses

Berkonomics

The document should also contain clear buy-sell clauses, forcing any sale of shares to first be offered to the corporate treasury, then to the other founders in proportion to their holdings, and then if no interest, to outside investors. That size of grant would take much or most of the option pool. There are some rules.

article thumbnail

Equity is the currency of early stage businesses.

Berkonomics

The document should also contain clear buy-sell clauses, forcing any sale of shares to first be offered to the corporate treasury, then to the other founders in proportion to their holdings, and then if no interest, to outside investors. There are some rules. The fee for registration is well under $100, so this is not an issue.)