SoCal CTO

NOVEMBER 14, 2012

I know a lot more about CTOs specifically CTO Salary and Equity Trends 2009-2011 , Visualization of Startup CTO Equity and Salary Data , Startup CTO Salary and Equity Data , but I've previously written about the issues with Equity for Early Employees in Early Stage Startups.

CTO Hire 329

CTO Hire Equity Seed Stage Option Pool 329

Feld Thoughts

SEPTEMBER 2, 2011

This week they set out to create their cap table and hire a CTO. As first time entrepreneurs they did not create an employee options pool; we’ll fix that in a little while. Jane and Dick want to bring in their friend Praveena as CTO, but they don’t know how to structure the compensation.

Cap Table 133

Cap Table CTO Hire Technical Cofounder Cofounder 133

SoCal CTO

SEPTEMBER 27, 2011

Wilson Sonsini and DFJ Gotham Ventures : The Option Pool Shuffle : Title Range (%) CEO 5 – 10 COO 2 – 5 VP 1 – 2 Independent Board Member 1 Director 0.4 – 1.25 Because of the Art aspect of early employee equity, I had trouble finding much in the way of numbers for that specific aspect. I did find a few things for later points.

Early Stage 391

Early Stage Equity CTO Hire Sweat Equity 391

Both Sides of the Table

MAY 9, 2018

I also had to negotiate a follow-on round at a portfolio company because new investors were trying to force a bit option-pool top-up that would dilute the founders and existing shareholders and existing investors were fighting over prorata rights. Last time we met I didn’t have my CTO with me.

Software Review 381

Software Review Churn Rate Due Diligence New York 381

Both Sides of the Table

JULY 22, 2010

I’m not sure I really even need to write this at length because Nivi absolutely nailed the topic in his article “ The Option Pool Shuffle.&#. When I went to raise money in 2006 I thought I knew every term in a term sheet but somehow I still got a bit duped by the option pool shuffle. No option pool shuffle.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

ithacaVC

SEPTEMBER 4, 2011

Here is the latest edition of Finance Fridays from Brad Feld called “Introducing the Cap Table and CTO” Every startup needs someone to be in charge of the Cap Table. Note how the new CTO Praveena implicitly negotiated to get her 15% founders shares after creation of the stock option pool.

Cap Table 49

Cap Table Finance Option Pool Warrant 49

Agile VC

APRIL 17, 2011

Kayak was started here in my backyard of Boston… co-founder & CTO Paul English and the product/engineering team is based here in Concord MA. Precise valuations are impossible to determine because of adjustments to employee option pools, possible buybacks of common stock, etc. as of 12/31/09).

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113