article thumbnail

What’s a Fair 409A Discount?

VC Adventure

Most boards did some level of work to determine the FMV of a company’s stock but generally options were priced between 10% and 15% of a company’s then preferred price (because common equity sits behind preferred equity there is typically a discount applied to the FMV of common stock to account for this “overhang”).

article thumbnail

Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Now that Google’s acquisition of ITA is closed, following lenghty FTC review, it would appear Kayak is poised to proceed with their IPO in the coming months. =. Kayak Software Corporation. Interesting to note that Hafner and English own common stock but also made meaningful investments in the Series A & B rounds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will Work for Equity - Investing in Clients - Arizona Bay

www.inc.com

Business Software. Last spring, Dave Graham , founder of software consulting firm Arizona Bay, learned that a major client, Jumpstart Automotive Media, had been acquired for more than $80 million. Like a venture capitalist reviewing business plans, he now weighs the potential of every company Arizona Bay works with. Advertising.

Arizona 40
article thumbnail

Everything you ever wanted to know about advisors: Part 2.

venturehacks.com

Advisor compensation Whether you’re hiring a normal advisor or super advisor: Advisory shares are usually issued as common stock options. Advisory shares are normal common stock. Read some fun reviews of this site. © 2007 Venture Hacks (not including the pictures) — Cutline Theme by Chris Pearson