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. I’d think to myself that this could be a great career, despite this beginning. get a job and start building a career. I heard them but said nothing.

Delaware 62

Delaware SEC New York City New York 62

This is going to be BIG.

AUGUST 21, 2023

You should be working on it because you’re obsessed with the problem and there was just no way you could go on in your career without giving it a shot. Here’s the option pool that I think fairly incentivizes you. The highest statistical likelihood for any startup is that no one gets a payout—because hard things are hard.

Cap Table 78

Cap Table Term Sheet Database Option Pool 78

VC Adventure

NOVEMBER 1, 2018

One of the key functions of a board is to hire and fire the CEO. 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.). Most decisions are delegated to the CEO and management team.

Design 257

Design Option Pool Operations Conversion 257

Seeing Both Sides

JULY 15, 2009

A typical serial entreprenur may lead 2-3 companies in their career before calling it quits (or checking themselves in to an insane asylum). Thus, the universe of financings that even the most experienced entrepreneurs get directly exposed to is typically 5-10 financings over a 15-20 year career. I was competing with another firm.

Pre-Money Valuation 49

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

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. one year) can cause employees to do unnatural career acts to make it to the next big vesting event. 3 Dilution.

Equity 56

Equity Employee Vesting Preferred Stock 56

venturehacks.com

FEBRUARY 24, 2010

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. Our Bookstore See our recommendations.

Cofounder 101

Cofounder Founder Technical Cofounder Technical Review 101

thinkspace.com

SEPTEMBER 7, 2012

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). Percent of the outstanding option pool: meaningless.

Equity 62

Equity Employee Founder CTO Hire 62