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What’s a Fair 409A Discount?

VC Adventure

It was a benefit to employees and a slight value transfer from equity holders to option holders (generally speaking in M&A transactions the value of the aggregate option exercise ends up allocated across the rest of the cap table).

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How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

Advances in machine learning, specifically natural language processing, have made generating these baseline, aggregate datasets possible, at scale, with high accuracy. EShares is an increasingly popular tool in our portfolio for tracking private company cap tables. Most of our companies will need to raise further rounds.

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“I guess we’ll know we’ve made it when a woman can get away with behaving like Elon Musk.” Talking With VC Ashley Mayer About Finding Your Career, Taking Box Public, And Why She’s Not Interested In Reading Yet Another Female CEO Takedown

Hunter Walker

I tried to get hired at Better Place and failed. When I learned they were hiring a community manager, I threw everything I had at the interview process. In the process of investing, we became rather obsessed with helping founders build more diverse and impactful cap tables. Enter Box.

IPO 91
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VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

645 Ventures released a cap table simulator to help level the playing field. ff Venture Capital hired two full-time engineers to build out Totem. Carta , Captable.io , Certent , EquityEffect , and ShareWorks by Morgan Stanley track private company cap tables. . Fincura specializes in serving lenders.

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On the Road to Recap:

abovethecrowd.com

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. Also, they have a strong belief that any sign of weakness (such as a down round) will have a catastrophic impact on their culture, hiring process, and ability to retain employees.

IPO 40
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Out of the Crisis #7, Brian Chesky Part 1: running Airbnb in crisis mode, being multi-stakeholder, and re-founding the company

Startup Lessons Learned

And these are people that we spent so much time to hire. We went through hundreds of thousands of resumes to hire those 1,900 people and we do so much to bring them in and to have to say goodbye to them, I'd say that was the hardest part. And the good thing is, was it included people that were already in our cap table.

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Out of the Crisis #26: Brian Armstrong of Coinbase on cryptocurrency, being mission-oriented, and institution building

Startup Lessons Learned

It'd be great if we could somehow hire people all over the world, that would be great. It kind of aggregates technology content, I suppose. And we had just had massive challenges trying to move money to the different contractors we were hiring in different places. And so you want a lot of variety in the people that you hire.

IPO 113