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What’s a Fair 409A Discount?

VC Adventure

Back in the olden days of venture capital, company boards had wide discretion in pricing company options. It was and is imprecise science but – at least in the case of venture backed startups – there wasn’t much harm in an option being priced low. Quick note: I’m not your lawyer.

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Why Entrepreneurs Start Companies Rather Than Join Them

Steve Blank

tax rate for individuals making over $100,000 was 70% and 90% (taxes on capital gains fluctuated between 20% and 25%.) Venture capital flourished when the tax rates plummeted in the late 1970s. Yet other public policies come into play. Between the late 1930s and the 1970s the U.S. Is entrepreneurship for everyone?

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Series Seed Financing Documents

www.seriesseed.com

As expected, that deal took a bit longer than it would have had the Company raised a vanilla Series A to begin with (and subsequently raised a Series B) but the aggregate fees for the two transactions were still less than the standard Series A followed by a Series B. Finally, using the Series Seed Documents will increase transparency.

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The Pre-Seed FAQ

K9 Ventures

You see, Dan knows more about venture than most people; and if Dan isn’t aware that “pre-seed is a thing,” then I haven’t done a good enough job of explaining to the world what I and K9 do! Typically, Pre-Seed rounds are less than $1M in aggregate capital raised. Q: What amount of financing is considered Pre-Seed?