Viewing profile — throwaway1124

Even if they raised a convertible note or pure debt (which is atypical of a First Round Capital led round), it is unlikely that their 409A led to an extremely low FMV. Even a compa…

I'm not suggesting that the valuation is truly worth $1.2M but if they did a 409A valuation or had their board decide on the FMV to determine strike price, the value would be at le…

I agree. I think that in the earliest stages, startups should consider "bonus-ing" out the employees to exercise their options early. I'm wondering what the consequences/disadvanta…

I appreciate the thinking here and message but am concerned about this line "This will cost a few hundred dollars at most". Clearbit has raised a $2M seed round from top-tier inves…

In seed stage companies, what is the disadvantage of enabling your employees to early exercise and bonus-ing or loaning them the capital to do so? The advantage seem clear: employe…

Just joined my first startup. It is seed funded and I think it has the potential to be massive. I'm employee number 4 and was given a substantial number of shares. According to the…