David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. 1) Manage the firm . This is harder than it sounds.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

JUNE 5, 2015

How much is in the option pool? Well, if you have an option pool of only 6% and have many more execs to hire to build out your team you’re going to ask for more options to be created in the future. Option pool (likely dilution in the future, which is a function of a higher price just not yet defined).

Pre-Money Valuation 150

Pre-Money Valuation Option Pool Post-Money Valuation Dilution 150

Austin Startup

JANUARY 25, 2020

This was my time at a Wall Street firm that had hired me after I applied for their Junior Stockbroker position, a little while after I graduated from college. The manager of the promotion knew me from having worked on another promotion at the previous year’s SXSW festival for State Farm, and she liked my work. How did I get the gig?

Delaware 62

Delaware SEC New York City New York 62

VC Adventure

NOVEMBER 1, 2018

One of the key functions of a board is to hire and fire the CEO. Most decisions are delegated to the CEO and management team. There are, of course, some items that the board has specific decision making authority over (buying another company, increasing the option pool, signing leases of a certain size, etc.).

Design 257

Design Option Pool Operations Conversion 257

www.inc.com

SEPTEMBER 24, 2011

Leadership & Managing | Tuesdays. LEADERSHIP & MANAGING. Managing Creativity. Back in 1997, Randy Parker was staring at a blank whiteboard, wondering where hed find the money to hire the employees and consultants he needed to build his new product. "We Technology | Thursdays. The Goods: Your Business Toolbox | Thursdays.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

venturehacks.com

FEBRUARY 24, 2010

but it’s manageable. Breakups are hard If you’re going to fall out with your co-founder, do it early, recover the equity into the option pool to keep the company going, and recruit someone else great to fill the missing slot. Geeks can always be hired. Build in founder vesting (a.k.a. Learn more.

Cofounder 101

Cofounder Founder Technical Cofounder Technical Review 101

VC Cafe

OCTOBER 16, 2010

Basecamp – project management. How do bootstrapped companies hire talent? Instead of a 20% option pool, we created a 40% option pool, and gave out half of it to the first half-dozen hires who came on and were willing to work without salary for a period of time, forming the core team. See also [link].

Option Pool 88

Option Pool Analytics LLC Startup 88

thinkspace.com

SEPTEMBER 7, 2012

Manager or Junior Engineer 0.2 - 0.33. Chris Dixon wrote a blog post about “ The one number you should know about your equity grant “ The one number you should know about your equity grant is the percent of the company you are being granted (in options, shares, whatever – it doesn’t matter – just the % matters). CEO 5 - 10.

Equity 62

Equity Employee Founder CTO Hire 62

www.paulgraham.com

APRIL 28, 2010

And if trouble withinvestors is one of the biggest threats to a startup, managing themis one of the most important skills founders need to learn. The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains. At Viaweb we managed to raise $2.5

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Seeing Both Sides

JULY 15, 2009

The investors who provided the $4 million own 40% of the company and the management team owns 60%. Another term that impacts the price is the size of the option pool. Most VCs invest in companies that need to hire additional management team members and sales and marketing and technical talent to build the business.

Pre-Money Valuation 49

Pre-Money Valuation Option Pool Stock Options Post-Money Valuation 49

www.instigatorblog.com

OCTOBER 23, 2010

I gave him similar numbers to what I had been given when I was hiring the first few employees for Standout Jobs. This is especially true when you think of a tech startup, where the first few hires are typically engineers/programmers. But I also told him that I though the numbers were wrong. .&# 1% is just not a lot.

Equity 41

Equity Employee Startup Vesting 41

www.paulgraham.com

OCTOBER 23, 2010

7 ] And though theres going to be one investor who gives them the firstcheck, and his or her help in recruiting other investors willcertainly be welcome, this initial investor will no longer be thelead in the old sense of managing the round. 13 ]Im not saying option pools themselves will go away.

Startup 93

Startup Valuation Non-Compete Deal Flow 93

venturehacks.com

DECEMBER 9, 2012

This is the advisor paradox : hire advisors for good advice but don’t follow it, apply it. Your task is to hire the maverick advisors in the crowd. Hiring advisors is an ongoing effort. Then hire him if you like the results. The Option Pool Shuffle. ” – Jeffrey Pfeffer , The Human Equation.

Advisory Board 50

Advisory Board Cap Table RSS Cofounder 50

Berkonomics

NOVEMBER 23, 2023

Options are usually best with “C” corporations but granting options for either LLC’s or “S” corporations are not a real problem. An option plan should carve out an addition of about 15% of the “fully diluted” shares. Inducing a new CEO to come aboard usually means creation of a stock option package of 5-8%.

Equity 62

Equity Stock Options Vesting Early Stage 62

www.startupnorth.ca

OCTOBER 23, 2010

Being an early hire at a startup gives an individual the ability to make tremendous impact on an organization as it grows – and both the founders and those hires should know it.” This should force companies to think about building value with each early hire, and not just filling a position. Manager or Junior Engineer 0.2 – 0.33

Employee 41

Employee Founder Salary Equity 41

www.payne.org

SEPTEMBER 22, 2011

5 Stock vs Options. The re-heating of the venture funded tech market has pushed a heat up of the hiring market, and Im getting more calls from friends asking for help understanding startup stock (equity) offers. Also, most companies try to keep all employees on the same terms, and there are good management reasons to do that.

Equity 56

Equity Employee Vesting Preferred Stock 56

Berkonomics

SEPTEMBER 28, 2017

Options are usually best with “C” corporations, but granting options for either LLC’s or “S” corporations are not a real problem. An option plan should carve out an addition of about 15% of the “fully diluted” shares. Inducing a new CEO to come aboard usually means creation of a stock option package of 5-8%.

Early Stage 102

Early Stage Equity Stock Options Vesting 102

Berkonomics

MAY 12, 2010

An option plan should carve out an addition of about 15% of the “fully diluted” shares. If there are 85,000 shares issued to the founders, then a plan calling for 15,000 shares in a pool reserved for future hires is appropriate, making the fully diluted shares 100,000. Director level employees are typically granted ½%.

Early Stage 85

Early Stage Equity Stock Options Vesting 85