venturehacks.com

FEBRUARY 24, 2010

Geeks can always be hired. Got hire a geek to get your code done, and after you’ve got the first round of clients, work on insourcing the developers and building a scalable version. All our products Pitching Hacks , Cap Table , and Co-founder Interview. Learn more. Our Bookstore See our recommendations.

Cofounder 101

Cofounder Founder Technical Cofounder Technical Review 101

Up and Running

SEPTEMBER 20, 2021

This is all incorporated into a document called a Cap Table. . A cap table will help you in the strategic management of business decisions. Wondering what a cap table is, its importance, and how you can maintain it to expand your business? What is a cap table? Let’s dive in.

Cap Table 112

Cap Table Pre-Money Valuation Stock Options Option Pool 112

Hunter Walker

MAY 17, 2024

“Admirer from outside of the cap table” is how I approached Kieran Snyder , Cofounder of Textio. HW: Textio is open to remote hires from a specific set of states which I found interesting. Since we were already doing business in those states, it made sense to start hiring new people there too.

Cofounder 104

Cofounder Founder Technical Review Seattle 104

This is going to be BIG.

AUGUST 21, 2023

But back to the cap table. Here’s why VC’s don’t actually care about your prior cap table in most circumstances. We want what we want and if we really want it, we don’t really care about what else is going on with the cap table. and they take a hefty chunk of the cap table to do it.

Cap Table 78

Cap Table Term Sheet Database Option Pool 78

This is going to be BIG.

JANUARY 18, 2024

I would e-mail Paul and Rony from Indeed regularly with feature ideas and get super frustrated that they implemented zero of them—especially in the face of stiff competition from Simply Hired. What’s Simply Hired, you ask? Paul and Rony focused on doing one thing and doing it better than anyone else—returning great job search results.

.Net 88

.Net Cap Table Startup Technical Review 88

Both Sides of the Table

MAY 19, 2018

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. So how does this work in practice? Entrepreneur : “Sure.

Cap Table 336

Cap Table Due Diligence Forecast Churn Rate 336

Altgate

JUNE 25, 2012

One who attracted much attention is David Choe, the graffiti artist hired to paint the company’s first headquarters. Instead, the dead equity languishes on the cap table, weighing down the startup and making it harder to attract and motivate the people who could impact its growth. A Significant – and Growing – Problem.

Equity 44

Equity Vesting Cap Table Technical Review 44

ithacaVC

DECEMBER 13, 2013

When raising money from investors (angels or VC), it is critical to have a presentable and clean cap table. On a fully diluted pre-money basis, that would mean the option pool represents 14.5% (356,758/2,456,758) of the cap table. Often times a plug is used around 10%. times more equity than Founder X.

Cap Table 67

Cap Table Pre-Money Valuation Option Pool Liquidation Preference 67

View from Seed

OCTOBER 15, 2014

Examples of housekeeping include the following list, though not every item will appear every time: Finance: Cash out date, burn rate, 409A valuation, cap table, common/preferred stock dashboard. Team: Hires, fires, departures, responsibility changes, major promotions, and your org chart.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

Hunter Walker

DECEMBER 11, 2023

He’s founder and CEO of Greenhouse , a ‘hiring operating system’ for companies which spans recruiting and onboarding tools for enterprises and SMEs. HW: Greenhouse, which powers the hiring process from sourcing to onboarding for thousands of companies, will soon be a teenager, having been founded in 2012.

Private Equity 78

Private Equity Equity DC Leveraged Buyout 78

Both Sides of the Table

SEPTEMBER 12, 2013

He had made some structural mistakes in NextMedium that meant the Cap Table and leadership team was a bit wacky. For starters they has asked him to hire a CEO (Hamet was a first timer) and that person lived in Seattle even though NextMedium was based in LA. Mark, why wouldn’t you fund him?

Partner 340

Partner Los Angeles South Africa Cap Table 340

The Startup Toolkit

AUGUST 29, 2012

If you’ve never done a tech startup before , it’s helpful to have someone who has ticked the boxes (raised money, built something people hate, built something people loved, hired someone, fired someone, made money, lost money). You’ll need to keep hiring tech guys. And sometimes it’s super ambiguous.

Technical Review 38

Technical Review CTO Hire Cap Table Software Review 38

techcrunch.com

APRIL 26, 2013

That way, startups only have one entity in the cap table, which simplifies documentation and structure. It’s clear that AngelList wants to help bring much of the transactional conversations and introductions that happen at the early stage of hiring and fundraising via word of mouth or in meetings online.

SEC 61

SEC Accredited Investor San Diego New York City 61

Austin Startup

AUGUST 20, 2017

Hiring is a chapter unto itself, but it deserves to lead off any discussion of context. Compensation decisions obviously affect hiring and retention. You can’t be too careful in determining comp packages for your new hires. Your Cap Table is something that deserves constant care and attention.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

David Teten

DECEMBER 3, 2019

645 Ventures released a cap table simulator to help level the playing field. ff Venture Capital hired two full-time engineers to build out Totem. Carta , Captable.io , Certent , EquityEffect , and ShareWorks by Morgan Stanley track private company cap tables. . Fincura specializes in serving lenders.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

venturehacks.com

MARCH 21, 2008

Advisor compensation Whether you’re hiring a normal advisor or super advisor: Advisory shares are usually issued as common stock options. They can also get terminated if the company is “reset&# , e.g. You hired a video game expert because you were building a video game but now you’re building a photo sharing site.

Advisory Board 44

Advisory Board Cap Table Vesting Equity 44

Feld Thoughts

FEBRUARY 9, 2016

” Many companies have hired ahead of their growth rate because they had the cash to do so. “If you need to clean up your own cap table first – while very hard to do – it will make outside funding easier” Again, go read the post now – I’ll wait. It’s simply not true.

Cap Table 70

Cap Table Down Round Liquidation Preference Founder 70

Ben's Blog

APRIL 1, 2011

Organizational design, process design, metrics, hiring and firing were all relatively straightforward skills to master compared to keeping my mind in check. I remember when I first became CEO, an investor asked me to send him the “cap table.” —The Geto Boys, Mind Playing Tricks on Me.

Management 78

Management Cap Table Balance Sheet Bankruptcy 78

keen.io

FEBRUARY 5, 2013

On the other hand, this was new territory for the founders as well; they had zero experience making offers to new startup hires. As a founder, his salary was lower than any of those offered to the new hires; he also had substantially more equity. But would it make sense for both of us to take that route? What is the difference between.5%

Salary 50

Salary Equity Startup San Francisco 50

adamac.blogspot.com

MARCH 9, 2010

Maybe the CEO got his cousin from Omaha to be their lawyer or theres been some serious messing around with the cap table. It follows that an "idea guy" who "just needs to hire a few engineers" probably isnt running a tech startup. Hiring is one of the main things a startup must get right, but contract recruiters arent the way.

Technical Review 41

Technical Review CTO Hire Fractional CTO Startup 41

OnlyOnce

DECEMBER 1, 2021

As startups scale, they are likely to hire a more senior accountant, maybe an AR/AP/Collections staff member, or even a Controller or VP Finance. Another telltale sign that you might need a CFO is more tangible: Are you spending too much of your own time managing fundraising, debt, investors, and cap table questions and issues?

Hiring 117

Hiring Cap Table Finance Equity 117

View from Seed

SEPTEMBER 23, 2019

Previous venture firms’ specific involvement on the cap table should be noted here, though. The former can include expected burn and runway, guideposts on hiring, and resource allocation. For example, stating “angels” is fine, and even highlighting notable names can be useful, but it’s unnecessary to share an exhaustive list.

Cap Table 211

Cap Table Seed Stage Valuation Dilution 211

www.informationarbitrage.com

FEBRUARY 24, 2010

But sometimes, too often, the CTO falls back on hiring a friend or someone to whom they were introduced that sells them on their value-added. But sometimes, too often, the CTO falls back on hiring a friend or someone to whom they were introduced that sells them on their value-added.

CTO Hire 40

CTO Hire Founder Cap Table Vesting 40

VC Adventure

AUGUST 15, 2018

It was a benefit to employees and a slight value transfer from equity holders to option holders (generally speaking in M&A transactions the value of the aggregate option exercise ends up allocated across the rest of the cap table).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

Version One Ventures

MAY 22, 2018

How do you decide who you should have in your cap table? Are you looking for help and expertise in hiring, product strategy, customer development, fundraising, coaching, therapy, etc.? The post The “reverse” pitch: Who should you have on your cap table? What is important to you?

Cap Table 60

Cap Table Cofounder Syndicate Syndication 60

Genuine VC

SEPTEMBER 5, 2012

Other than starting to build, hire, and take over the world, there are a bunch of mundane things to do right away. Communications with New Board & Investors Ensure all of your investors have all legal documentation of the round, including an electronic version of the final cap table. You’ve just closed your seed round.

Founder 156

Founder Cap Table Stock Options PR 156

Genuine VC

MAY 20, 2013

VCs who swear publicly that they’ll never make an investment with less than 20% ownership show up on cap tables in the teens… the 20% pronouncements are just posturing for negotiation. Entrepreneurs should remember that while these targets are real, they’re just that – targets.

Venture Capital 244

Venture Capital Cap Table Portfolio Early Stage 244

Altgate

AUGUST 25, 2012

One who attracted much attention is David Choe, the graffiti artist hired to paint the company’s first headquarters. Instead, the dead equity languishes on the cap table, weighing down the startup and making it harder to attract and motivate the people who could impact its growth. A Significant – and Growing – Problem.

Equity 28

Equity Vesting Cap Table Technical Review 28

David Teten

OCTOBER 1, 2015

The reality however is that entrepreneurs should only play the equity game with newer, very focused firms that specialize in this practice and not traditional work for hire or a blend. Help identify key technologist and product hires to transition in-house (week 13 onward, however this can take 1 year).

Software Development 60

Software Development Software Developers Software Review Technical Cofounder 60

View from Seed

MAY 29, 2019

But taken to the extreme, you would have rounds with only one lead and almost no one else on the cap table. Some funds have elevated or hired junior professionals to “partner” titles to try to address this. In this case, you lose out on the breadth of support from your investors in both their network and their dollars.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

genylabs.typepad.com

SEPTEMBER 24, 2011

I wont bother going into details on start-up financing terms ( see this post for an overview of typical VC terms) except to say if you dont know and understand: the firms cap table and valuation. Have not met anyone I wanted to hire who was willing to work for equity. what kind of stock you are getting. what your rights are.

Equity 40

Equity Technical Review San Jose Stock 40

This is going to be BIG.

MAY 20, 2019

On the other hand, some people try and pad the cap table with a bunch of big names or industry vets, even if their check size is small, just to build the network. Maybe it’s an e-mail or maybe it’s just a quarterly phone call that everyone on the cap table can dial-in to. 3) Small investors are more aligned.

Cap Table 114

Cap Table Later Stage Hiring Founder 114

YoungUpstarts

JUNE 26, 2014

It allows you to truly focus on your product/idea instead of cap tables and keeping investors happy. If you don’t want to bring in a partner, hire someone to fill in your “business gaps”, because it is exhausting to try to do everything yourself and invariably whatever you’re not comfortable doing won’t get done for the business.

Cap Table 162

Cap Table Bootstrapping Naming America 162

www.paulgraham.com

APRIL 28, 2010

For example, a seed firmshould be able to give advice about how to approach VCs, which VCsobviously dont need to do; whereas VCs should be able to giveadvice about how to hire an "executive team," which is not an issuein the seed stage. You dont have to spend time on bureaucraticstuff, because you havent hired any bureaucrats yet.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

View from Seed

AUGUST 6, 2015

Of late, I’ve encountered numerous potential startup candidates and newly hired employees who have no idea what their equity means. It falls on the hiring company to thoroughly explain equity options to their new employees. It falls on the hiring company to thoroughly explain equity options to their new employees.

Equity 120

Equity Employee Cap Table Startup 120

Hunter Walker

AUGUST 1, 2021

The idea being that there’s economic opportunity in this segment that’s not being captured today, and there’s a chance to start a virtuous cycle where the investments they make will likely include folks in their networks, who will also hire people in *their* networks, and everyone succeeds together.

Silicon Valley 124

Silicon Valley Cap Table IPO .Net 124

David Teten

AUGUST 19, 2019

The mode purpose for funding is (in order of frequency) Sales, Marketing, Market Expansion, Product Development, and Hiring Employees. Limited amount of existing debt and a clean cap table”. The average monthly operating expenses is $70,335. The average cash balance is $191,164. Companies seeking funding of $200k to $1mm.

Revenue 60

Revenue Technical Review Software Review Equity 60