Feld Thoughts

SEPTEMBER 2, 2011

This week they set out to create their cap table and hire a CTO. The vesting schedule protects each of the co-founders in case one gets hit by a bus or decides to drop the project after a short period of time. As first time entrepreneurs they did not create an employee options pool; we’ll fix that in a little while.

Cap Table 133

Cap Table CTO Hire Technical Cofounder Cofounder 133

Both Sides of the Table

JULY 22, 2010

And for some strange reason entrepreneurs didn’t share this information. I’ve started from day one trying to build total transparency into my process with entrepreneurs. This starts with understanding how VCs and entrepreneurs often see valuation differently. No option pool shuffle. No gotchas.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

The Next Web

OCTOBER 7, 2013

They were referring to non-founder engineers, most commonly the first hire for technology businesses. Startup employees are granted common shares out of something called an option pool. Every time a startup raises capital, all common shareholders are diluted. Entrepreneur Insider Analysis and Opinion How-To''s'

Engineer 129

Engineer Dilution Option Pool Vesting 129

thinkspace.com

SEPTEMBER 7, 2012

Percent of the outstanding option pool: meaningless. Strike price of options: meaningless. Are there other tools that you’ve used that you think would be helpful to share with other entrepreneurs and founders? I was originally hired as a contractor, developing a SaaS app from scratch, including DB design and coding.

Equity 62

Equity Employee Founder CTO Hire 62