Ben's Blog

JULY 16, 2013

3/31/1998: 30.8. First, if you did not understand how radically the fundraising environment might change, then there is no chance that your employees would have understood it. In fact, if you are like most companies, your managers probably implied to your employees that your stock price would only rise as long as you were private.

Down Round 73

Down Round Marketing Preferred Stock Post-Money Valuation 73

Feld Thoughts

FEBRUARY 28, 2023

However, the lack of a conversion right also has implications for anti-dilution protection: in the U.S., In Germany, anti-dilution protection is achieved by issuing additional preferred shares. The boom years of 1998 (79 IPOs), 1999 (175 IPOs), and 2000 (142 IPOs) are long gone. regarding employee issues.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

Ben's Blog

JULY 16, 2013

3/31/1998: 30.8 First, if you did not understand how radically the fundraising environment might change, then there is no chance that your employees would have understood it. In fact, if you are like most companies, your managers probably implied to your employees that your stock price would only rise as long as you were private.

Marketing 36

Marketing Preferred Stock Post-Money Valuation Down Round 36

www.paulgraham.com

OCTOBER 23, 2010

They get the same kind of stock and get diluted the same amount in futurerounds. So the deals take longer, dilute you more, and imposemore onerous conditions. Back in 1998 our CFOtried to talk me into it. Surely 1998 was a little late to arrive at the party. Usually angels are financially equivalent to founders.

Startup 105

Startup Cofounder Software Stock 105

www.paulgraham.com

APRIL 28, 2010

When we sold our startup in 1998 I thought one day Id do some angelinvesting. Dilution is normal. They cant dilute you without diluting themselves justas much. And they wont dilute themselves unless they end up net ahead. So its your choicewhether you get diluted. [ Suppose its 1998.

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63

Up and Running

DECEMBER 9, 2014

After college, I was a very early employee at a web company called Tumblr. It’s designed for small and mid size companies and it all started based on a focus of the employees. Our slogan is, “We heart employees,” and everything that we do is designed around usability for the employees.

Small Business 95

Small Business Finance Forecast Metrics 95