Remove Common Stock Remove Employee Remove Syndication
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

5) High Productivity: Kayak had 148 employees at the end of 2010. That means that Kayak generates roughly $1.15M in revenue for each employee which puts it in the same league as Google and Apple (both >$1M/head). One can infer valuations based on per share prices of preferred stock and oustanding common shares (~5.3M

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Not Building a Unicorn

Austin Startup

This is most clearly highlighted in the “unicorn” boom we all saw over the past few years, where founders raised very large rounds, with terms very onerous to the underlying common stock, hoping they could eventually justify billion dollar valuations to skeptical acquirers or public market investors.

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Facebook S-1: The Most Anticipated IPO in a Decade ? AGILEVC

Agile VC

3) Employee Stock Purchases Are a Near-Term ATM - Facebook has issued a combination of stock options and more recently restricted stock units (RSUs) as compensation to employees. To put that in perspective, Facebook’s overall operations (which are highly profitable) generated about $1.5

IPO 100
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Pari Passu or F.U.little guy

Professor VC

I''m a strong believer in fairness (although my daughters may not agree) and investors and entrepreneurs working together as a team to create something valuable to all stakeholders (customers, employees, founders, investors). AngelList (which I remain a big fan) also recently launched a syndicate program.

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How to Fund a Startup

www.paulgraham.com

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. Theres only common stock at this stage.