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When a Unicorn Start-Up Stumbles, Its Employees Get Hurt - The New York Times
For some employees, it meant that their shares were practically worthless. Even worse, they had paid taxes on the stock based on the higher value.

“It’s not unusual for employees to be wiped out while venture capitalists make money,” said Dennis J. White, a partner in Boston at the law firm Verrill Dana, who has studied deals like Good’s.
tax  taxstories  lingotax  startup  stockoptions  peopletotalkto 
17 hours ago by imaginaryfriend
Startup Stock Option Changes – Joe Beninato – Medium
After 7 startups full-time and another 20+ as an investor/advisor, it’s become clear to me that startups should do a better job with all aspects of their incentive stock compensation, and not just follow convention because it’s “what we’ve always done.” This has been on my mind for a while, and after a recent Twitter exchange with a few VC/angel friends, I’ve been thinking about how startups can adjust certain aspects of incentive stock compensation to be more favorable to employees as well as the company. There are four specific areas of focus that I think are ripe for change:
Cap table transparency for all
Early exercise for early employees
More than 90 days to exercise after departure
Vesting schedule revisited
[also should add company buyback rights (no) and acceleration upon acquisition (100% double-trigger) as noted below in the July 31, 2015 update]
startup  stockoptions  equity  lingotax  peopletotalkto 
18 hours ago by imaginaryfriend
As tech companies get richer, is it 'game over' for startups? | Technology | The Guardian
Since 1980, the share of companies less than a year old has almost halved – from 15% of companies to just 8.1%, according to Census Bureau data
startup  statistics 
yesterday by mikeRuns

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