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Advisory Board
+ Stock Options
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10 articles |
| Page 1 of 1 | Previous | Next | | | | BERKONOMICS MAY 12, 2010 Equity is the currency of early stage businesses. 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. | BERKONOMICS JULY 10, 2010 Surround yourself with great, sharing advisors. This insight addresses the establishment and maintenance of an advisory board, a formal group with no legal responsibilities, but one able to be called upon to act as business, industry and scientific advisors to the CEO. sit on a board of a company with potentially valuable patents that it is exploiting aggressively. | | | | | | | | | -
STARTUPCFO | FRIDAY, MARCH 16, 2012 Hiring Part Time Execs Some other thoughts on this: Active advisors can play a role : Many startups put together “ advisory boards ” filled with people who have a sprinkle of options and provide no value. In this World of seed / micro VC funded startups, round sizes are smaller than they used to be. That’s a good thing. MORE >> -
VC DEAL LAWYER | MONDAY, DECEMBER 7, 2009 Doing It Right the First Time: The 15 Most Common, but Avoidable, Mistakes Made by High Growth Start-ups X options for X amount raised, or X options for every top 10 client you bring in that signs an agreement. . Consider the real reasons why you are making the hire and consider whether or not such individual may better serve the company at the advisory board level as they may bring significant industry contacts and the like. MORE >> -
VENTUREHACKS.COM | FRIDAY, MARCH 21, 2008 Everything you ever wanted to know about advisors: Part 2. Should I put together a board of advisors? What are advisory shares? Should I give advisory shares to my investors? You get money, save stock, and amplify the advisor’s social proof in the process. 0.25% of a company’s post-Series A stock. What are advisory shares? See Part 1 for the rest. MORE >> -
THESTARTUPLAWYER.COM | WEDNESDAY, FEBRUARY 24, 2010 Why Co-Founders Are a Startup's Biggest Liability | The Startup Lawyer When I find, and hire on options, the three perfect CEs/directors must I consider them co founders and treat them accordingly? When I find, and hire on options, the three perfect CEs/directors must I consider them co founders and treat them accordingly? He obviously never launched a startup and got shafted by a co-founder. MORE >>
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