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. That size of grant would take much or most of the option pool.
thinkspace.com
SEPTEMBER 7, 2012
Equity for Board of Directors and Advisory Board. Typically for an Advisory Board it ranges from 1/10th of percent to 1/2% and for Board of Directors from 1/2% to 2%. Percent of the outstanding option pool: meaningless. Strike price of options: meaningless. Responsibilities 6 0 0 6 36.
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venturehacks.com
MARCH 21, 2008
Normal advisors are also assembled by naive entrepreneurs who think the mere presence of an advisory board will create social proof and help them raise money. But investors don’t take these mock advisory boards seriously. Many advisors want options they can exercise immediately —that’s fine.
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. The board must approve the plan including this number, and shareholders must approve the plan as well.
venturehacks.com
DECEMBER 9, 2012
Some entrepreneurs set up quarterly advisory board meetings and that probably works well for them. But we find savvy entrepreneurs tend to be transactional—they ping their advisors as needed and skip the advisory board meetings. Your task is to hire the maverick advisors in the crowd. How do I apply advice?
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%.
thestartuplawyer.com
FEBRUARY 24, 2010
Who must be a co founder and who can remain a hired principal? When I find, and hire on options, the three perfect CEs/directors must I consider them co founders and treat them accordingly? Who must be a co founder and who can remain a hired principal? He obviously never launched a startup and got shafted by a co-founder.
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