Feld Thoughts

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Introducing the Cap Table and Hiring the CTO

Feld Thoughts

This week they set out to create their cap table and hire a CTO. Equity is split 55% and 45%, but where is that officially recorded? Jane and Dick want to bring in their friend Praveena as CTO, but they don’t know how to structure the compensation. Praveena wants to invest $20,000 and get 20% equity.

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TechStars Patriot Boot Camp Is Happening This Week

Feld Thoughts

Todd Park (US CTO) and Aneesh Chopra (Former US CTO) are delivering a keynotes, along with Paul Bucha (Medal of Honor Recipient) and many others. LivingSocial will be welcoming these veterans to their office for a tour and to meet the team and hear their inspiring story. Jerry Johnson, RLJ Equity. David Cohen, TechStars.

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Rally Gives $1.3 Million To The Boulder Community

Feld Thoughts

The picture to the left is of Ryan Martens, Rally’s founder and CTO, giving Josie Health, the CEO of The Community Foundation Serving Boulder County , a check for $676,000. Ryan started Rally (formerly F4) out of our previous office and could regularly be found scribbling all over a white board.

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The Kinect Accelerator

Feld Thoughts

If accepted, each company will receive an equity investment of $20,000 in exchange for six percent of the company in common stock, which will be held by TechStars. While Microsoft is putting significant effort into the accelerator program, Microsoft will not retain intellectual property or equity in any of the participating companies.

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Corporate Bad Activity Against Innovators

Feld Thoughts

So I thought it was pretty awesome when he went to be CTO of Oculus Rift to pursue the next generation of virtual reality software. Oculus says ZeniMax canceled Doom 3 VR support over equity demands. Virtual Legality 2: Oculus VR Responds Comprehensively To Zenimax Legal Letters.