Remove Conversion Remove IP Remove Stock Options Remove Warrant
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How to Work with Lawyers at a Startup

Both Sides of the Table

You never got around to agreeing exact equity splits but you had many conversations about it. Shame about not getting it in legal writing that you owned the original IP. Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price?

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Bad Notes on Venture Capital

Both Sides of the Table

Less than you’ll probably grant your most junior employees in stock options? These are all real conversations. What if when you have that conversation you don’t agree? If you want to give them a 50% discount offer them $1 of common-stock warrants (no liquidation preference) for every $1 of stock they buy.

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Bad Notes on VC

Gust

Less than you’ll probably grant your most junior employees in stock options? These are all real conversations. What if when you have that conversation you don’t agree? If you want to give them a 50% discount offer them $1 of common-stock warrants (no liquidation preference) for every $1 of stock they buy.