Up and Running
SEPTEMBER 19, 2017
They allow you to hire more people, purchase new technology, and establish new business connections, among many other benefits. By contrast, obtaining a pre-money valuation of $5 million for a business with a new viable product and even very minimal sales is somewhat reasonable. You make all the decisions, when you want, how you want.
Both Sides of the Table
JULY 22, 2010
You’ll need to hire and retain talen to grow your company. This states how the proceeds from a sale or dissolution of the company will be distributed. NOTE: In the video I talked about how VC’s and entrepreneurs decide the total number of shares at the first major funding round and why it’s often a high number.
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Steve Blank
APRIL 10, 2019
Startup employees calculated that a) their hard work could change the odds and b) someday the stock options they were vesting might make them into millionaires. And just to make sure you were in the company for at least a year, with most stock option plans, unless you stayed an entire year, you wouldn’t vest any stock.
Steve Blank
OCTOBER 24, 2017
This required a repeatable and scalable sales process, which required a professional sales staff and a product stable enough that customers wouldn’t return it. Hire a CEO to Go Public. The VCs would hire a CEO with a track record who looked and acted like the type of CEO Wall Street bankers expected to see in large companies.
Up and Running
DECEMBER 1, 2015
Typically, employers that offer employees equity compensation will do so in the form of common stock, preferred stock, or stock options. This type of stock is typically given to founders and early employees with the stock value is near zero. See Also: 10 Tips for Dealing With Startup Stock Options.
Up and Running
AUGUST 17, 2015
C Corp versus LLC, non-competes, liquidation preferences, preferred versus common stock, and so on). While there is a wealth of information available online, it’s all a lot more tangible when you have case law and real life anecdotes attached to these considerations.
Startup Company Lawyer
MAY 4, 2009
How to scale from the first sale to the millionth. Hiring and Firing. July 14th, 2009: Implement hiring policies and practices. Description: When to hire and when to fire? How to hire the best vendors for the best rates. Mentors: Trip Adler | Philip Kaplan | Munjal Shah | Jason Calacanis | Bubba Murarka |.
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