Both Sides of the Table

APRIL 27, 2010

Moving on … My second post was directed at employees. If you’ve done it for a long time then I usually advise hiring managers to hire you as contractors and not full-time employees. No employees wanted to join startups – they were all looking for stable jobs. It’s a subjective topic. We were family.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

Berkonomics

OCTOBER 12, 2017

One of his lessons remains clearly on my mind and is a variant of the old “You name the price and I’ll name the terms” challenge that works so well in negotiation. Email readers, continue here…] One of the items on Cohen’s list of twenty-five was stock options. See insight 28.).

Employee 97

Employee Stock Options Dilution Salary 97

Up and Running

SEPTEMBER 20, 2021

And as the company grows, it brings on new people and may decide to issue stock options to attract new staff and funding from investors. Total share ownership is the sum of the common stock, stock options, preferred stock, and any other stock category for a single individual. Total share ownership.

Cap Table 112

Cap Table Pre-Money Valuation Stock Options Option Pool 112

Both Sides of the Table

DECEMBER 2, 2010

I always encourage people to allocate a few extra stock options to those that join super early when your company is risky and they just believed in you. He introduced me to a senior guy from the “network solutions&# practice, a Dutchman named Valentijn Bonger. Sure, you can get away with less, but why?

Europe 352

Europe France San Francisco Chicago 352

Austin Startup

NOVEMBER 29, 2017

Namely, windfall revenue from oil means that the Texas taxman does not collect personal or corporate income taxes (on the state level). For the time being, you’ll spend 40–50% less on renting a home or office and 20–30% less on employee salaries, while not giving up that much in terms of the startup ecosystem.

Early Stage 48

Early Stage Austin Silicon Valley Texas 48

www.joelonsoftware.com

MARCH 24, 2010

Our biannual reviews are done internally by management; they are not intended as a way to give employees grades or gold stars. This amount will be prorated according to salaries and percentage of the year that people worked, so every employee will receive a part of the profits amounting to an equal percentage of their salary.

Software Review 48

Software Review Stock Options Salary Technical Review 48

Both Sides of the Table

MAY 10, 2015

I funded a US company that bought a URL and a brand name and filed for a trademark. They were then sued for trademark infringement by a foreign company who had no product, no customers and no employees in the US. He had a stock option vesting program and had vested a significant amount of his stock but not all.

Vesting 150

Vesting Cofounder IP Stock Options 150

Scalable Startup

AUGUST 9, 2018

There are so many Facebook/Google/Apple multi-millionaires who receive new stock options every quarter, often a few hundred thousand dollars every quarter, that feel they should put something back into the system, plus they like the idea of being an investor. They’re betting on you.

Technical Cofounder 20

Technical Cofounder Silicon Valley Early Stage Cofounder 20

Both Sides of the Table

MARCH 21, 2010

As startup entrepreneurs we all want to work with them because having their name as reference clients makes it so much easier for marketing, PR, selling to other customers, fund raising and even recruiting. Think of it as similar to an employee stock option. This is part of my ongoing series on Startup Advice.

Warrant 298

Warrant Dilution Startup Stock Options 298

Berkonomics

AUGUST 29, 2019

The board is responsible for approval of all deferred compensation for all employees at all levels, such as stock option grants, and is responsible for the vision and strategies for growth and protection of the corporate asset. The board selects, monitors, helps, and oversees compensation for the CEO.

Stock Options 48

Stock Options Stock Naming Employee 48

www.inc.com

SEPTEMBER 24, 2011

Naming a Business. Employee Benefits. Back in 1997, Randy Parker was staring at a blank whiteboard, wondering where hed find the money to hire the employees and consultants he needed to build his new product. "We a 50-employee provider of e-marketing solutions to small and midsize businesses, based in Needham, Mass. "We

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

www.thedailymuse.com

SEPTEMBER 18, 2012

It’s essential to make sure you take reasonable steps to control risk in your interactions with customers, suppliers, users, employees, and the general public. Hiring employees. Name (required). 3 Signs Your Employees Think You Suck as a Manager. The best practical way to see if your employees really. Each other.

Hiring 56

Hiring LLC Intellectual Property Private Equity 56

Gust

DECEMBER 8, 2011

Pick a name for the new legal entity (e.g., and search for its availability as a corporate name, domain name and trademark (all separate inquiries). Offer letters for employees. Stepping off the soapbox, let’s examine the highest level “To Do” list for a new startup: Formation, Governance and Equity. Newco, Inc.”)

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

Berkonomics

MAY 26, 2010

One of his lessons remains clearly on my mind and is a variant of the old “You name the price and I’ll name the terms” challenge that works so well in negotiation. . Cohen sets up an example where a senior position job candidate is stuck on a salary twice as high as the CEO is willing to pay, leading to a standoff between the two.

Employee 54

Employee Liquidity Event Stock Options Salary 54

Board Effect

MAY 10, 2019

There’s the owner—maybe a partner or two—but unless employees are offered equity from the get-go, there’s typically not a whole lot of dilution. It’s not unusual for owners to offer equity to early employees and advisors, both as a motivator and a form of compensation before the business turns a profit. Shareholders: Name & Role.

Cap Table 40

Cap Table Liquidation Preference Dilution Liquidity Event 40

A Smart Bear: Startups and Marketing for Geeks

JULY 7, 2016

We can all name companies with spectacular success or failure, employing any of these techniques. You also need to answer this question on behalf of your future employees. But why will the 50th employee join ? Not for the stock options — you won’t be doling out 1% of the company to anyone by then.

San Francisco 170

San Francisco Startup Framework Azure 170

www.payne.org

SEPTEMBER 22, 2011

Startup Equity For Employees. 2 Stock Classes: Common and Preferred. 5 Stock vs Options. 6 Founders / Restricted Stock. 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.

Equity 56

Equity Employee Vesting Preferred Stock 56

Up and Running

MAY 17, 2012

Every year, the folks at Entrepreneur Magazine name an Entrepreneur of the Year. They’re looking for a person who makes a positive impact and improves their industry, employees, and community with a combination of ideas, leadership, and vision. Every employee gets a sense of ownership.

Entrepreneur 66

Entrepreneur Stock Options Stock Naming 66

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

How many employees would a medium-sized business have in your definition? Jason: If I’m managing my whole business with this tool, I don’t have 100 employees. Edwin: Correct, I fully agree and the name MeetingKing already says that my initial focus definitely was on meetings, right? They really like the tool.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

Transformify

DECEMBER 6, 2021

You need the right WFM software, from model management and operations to tracking your employees’ leave. Here are some of the best apps that you can use to help you with everything, from employee attendance to team engagement. Transformify can help build on your human resources, managing all your employees from start to finish.

Software Review 52

Software Review Software Employee Management 52

Berkonomics

OCTOBER 4, 2012

The board is responsible for approval of all deferred compensation for all employees at all levels, such as stock option grants, and is responsible for the vision and strategies for growth and protection of the corporate asset. The board selects, monitors, helps, and oversees compensation for the CEO.

Stock Options 69

Stock Options Stock Naming Employee 69

Ben's Blog

APRIL 28, 2010

Andy Grove was Intel’s third employee (after the two cofounders Robert Noyce and Gordon E. Felix Salmon, for instance, points out that Fortune’s editorial staff considered twelve other candidates including Warren Buffett, Carlos Slim, and Martha Stewart before naming Steve Jobs the best CEO of the decade in November 2009.

Technical Review 78

Technical Review Cofounder Technical Cofounder Software Review 78

Board Effect

DECEMBER 23, 2019

It also shows the date of the action and it names the parties to the resolution. The company is struggling and needs to hire or let go of a significant number of employees. The board needs to set new policies for stock options. Board resolutions should be written on the organization’s letterhead.

Intellectual Property 64

Intellectual Property Stock Options Dividend Community 64

Austin Startup

SEPTEMBER 19, 2017

As founders, your job includes selling product to customers, stock to investors, and opportunity to employees. As for compensation, stock options in the range of 0.1% The mistake many founders make is to bring on marquee names and compensating them without holding them to specific actions (e.g.

Advisory Board 48

Advisory Board Sweat Equity Marketing Vertical 48

Cracking the Code

JUNE 24, 2021

But the Valley in 1999 was a new world of startups, venture capital, and stock options. As we expanded, BlaBlaCar never had different names in different locations. Internally, we also worked a lot on our general principles around the way we work for our employees, crowdsourcing them at a company offsite in 2013.

Global 62

Global Europe France Cofounder 62

Both Sides of the Table

MAY 23, 2010

the loan converts at 15-20% discout to the new money coming in) or your investor will get “warrant coverage&# which is similar to an employee stock option in that it gives the investor the right but not the obligation to invest in your company in the future at a defined priced.

Startup 290

Startup Burn Rate Warrant Bankruptcy 290

www.paulgraham.com

APRIL 28, 2010

The reason is that employees are investors too—oftheir time—and they want just as much to be able to cash out. Ifyour competitors offer employees stock options that might make themrich, while you make it clear you plan to stay private, yourcompetitors will get the best people. What is an incubator?

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Up and Running

NOVEMBER 23, 2010

Rand keeps it anonymous, which is just as well; a piece like this would be really hard to do with specific names and faces. A CEO, more so than any other employee, needs to live the company’s culture. Don’t create a scenario where your employees can’t respect you because of poor personal choices.

Common Stock 63

Common Stock Stock Options Stock Cofounder 63

www.drowningamerican.com

JUNE 22, 2012

I’m not FaceBook or Twitter and have a s**t-ton of potentially imminent IPO stock options to offer someone. Ground floor opportunity and voice in shaping the company — you will be the third employee, your input and work will be invaluable. That’s not my argument. But they aren’t for me or Kibin.

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

Ben's Blog

MARCH 17, 2011

a champ like Tyson, a captain like Kirk, no Employee of the Month ‘cause yo, I do work. Often when I meet with startups, the employees have no job titles. When your head of sales interviews for her next job, she won’t want to say that despite the fact that she ran a global sales force with hundreds of employees, her title was “Dude.”.

Employee 78

Employee Stock Options Engineer Management 78

infochachkie.com

SEPTEMBER 24, 2011

Unlike employee training costs, which can typically be spread over years of service, the relative return from training a consultant is modest and pricey. The final straw came when I asked the latest 25-year old a simple ‘yes / no’ question related to stock options. Remember – your adVenture’s time is precious.

Equity 40

Equity Silicon Valley Cofounder PR 40

ithacaVC

DECEMBER 13, 2013

They are typically pretty simple: (i) shares owned by founders and (ii) shares authorized for issuance in a stock option pool, some of which may be issued to employees already and some of which will be available for future issuance. So let’s talk about the components of the 2,456,758 share number.

Cap Table 67

Cap Table Pre-Money Valuation Option Pool Liquidation Preference 67

Both Sides of the Table

JULY 19, 2011

You name it. They know what is “market&# for your recruits in terms of base, bonus & stock options. Because many buyers try to skew deals so that they pay more in future incentives to employees than in purchase price for the company in order to reduce the return to investors and maximize the management lock in.

Term Sheet 319

Term Sheet PR Liquidation Preference Stock Options 319

Hunter Walker

MAY 1, 2016

Startups change quickly, and the most valuable employee is a smart go-getter who’s willing wear any hat and learn as much as possible along the way. At Reserve, one of our values is Roll Up Your Sleeves because our best employees aren’t bystanders. If something needs to get done, they roll up their sleeves and do it.

New York City 48

New York City New York Los Angeles Startup 48

Hunter Walker

MAY 1, 2016

Startups change quickly, and the most valuable employee is a smart go-getter who’s willing wear any hat and learn as much as possible along the way. At Reserve, one of our values is Roll Up Your Sleeves because our best employees aren’t bystanders. If something needs to get done, they roll up their sleeves and do it.

New York City 48

New York City New York Los Angeles Startup 48

Austin Startup

SEPTEMBER 9, 2018

Lucky7 is named after my mom , who was an amazing woman and entrepreneur herself. And all of our employees receive these as well. investors through ownership of some of your equity and advisors through stock option grants that they can exercise at a later period of time. I haven’t missed a single week in delivering these.

Advisory Board 48

Advisory Board Balance Sheet Stock Options Email 48

Ben's Blog

OCTOBER 8, 2010

The false expense reports are related to a contractor named Jodie Fisher, a former softcore porn movie actress and Playboy model with no relevant marketing experience, who HP was paying up to $5,000 per marketing event. We are not talking about a low-level employee tossing an extra receipt into his expense report. Who is Jodie Fisher?

New York 78

New York Stock Options Stock Employee 78