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What’s a Fair 409A Discount?

VC Adventure

As is true today, there was a requirement that options be priced at or above the “fair market value” of the underlying stock (otherwise there would be tax consequences to the optionee and sometimes to the company as well). Back in the olden days of venture capital, company boards had wide discretion in pricing company options.

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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. Distribution revenue is CPC and CPA. . Kayak generates both distribution (i.e. Founding Date: 2004.

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Why Tim Cook is Steve Ballmer and Why He Still Has His Job at Apple

Steve Blank

Microsoft entered the 21st century as the dominant software provider for anyone who interacted with a computing device. 16 years later it’s just another software company. A shorter version of this article previously appeared in the Harvard Business Review. Rarely does it regain its former glory. Here’s why.

Azure 120
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Why Tim Cook is Steve Ballmer and Why He Still Has His Job at Apple

Steve Blank

Microsoft entered the 21st century as the dominant software provider for anyone who interacted with a computing device. 16 years later it’s just another software company. A shorter version of this article previously appeared in the Harvard Business Review. Rarely does it regain its former glory. Here’s why.

Azure 120
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Will Work for Equity - Investing in Clients - Arizona Bay

www.inc.com

Business Software. Why Arizona Bay started taking stock from its customers instead of cash. 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. Human Resources (HR). Employee Benefits. SALES & MARKETING.

Arizona 40
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Which Investors Are Glad To Pay For Mediocre Performance?

David Teten

Addepar is precisely trying to collect and convert into software these best practices. (ff Chernick : However, it should be noted that some outstanding asset allocators, just like some outstanding stock pickers, do beat the odds and indices. We over-weighted small cap value stocks in 1998-2002. And it helped our returns.

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What the Past Can Tell Us About the Future of Social Networking

Both Sides of the Table

AOL was controlled by one company and the Internet was distributed. They controlled distribution to the masses. Was it massively better software, better companies, better markets? MySpace would liked to have owned YouTube but didn’t have the public stock valuation to purchase them at the price that Google did.