BC STARTUP

Saved by @Alex1Powell

=Ryan Graves=
@ryangraves 4 years, 5 months ago 547 views

Save to PDF Share See On Twitter

It’s crazy how few people understand basic startup equity but are faced with major career decisions based on these concepts.

It’s even crazier how few companies are forthcoming with necessary details like latest valuation, shares outstanding, or fundraising plans (read ‘dilution’).

One of the most valuable topic areas I got comfortable with while at Uber were these concepts and I regularly have friends and colleagues asking me to simplify and clarify these topics.

The key: ASK MORE QUESTIONS... without clarity you’re forced to discount the valued equity. The less is shared, the less serious the company is taking their own equity, and likely so should you. Here are a few questions to start with.

Valuation questions:

• What is the latest valuation of the company?
• When was the valuation set?
• How was the valuation set?

Equity types & value questions:

• How many shares outstanding?
• How will i receive equity? options? RSUs?
• What is the vesting schedule?
• Paid over 4 years w 1 year cliff is normal

Ask about who gets equity:

• Is there a standard equity program?
• Do all employees get equity?
• Do leaders / executives receive the same form of equity as me?

Ask about Investors, expectations, and outcomes:

• What is the fundraising plan?
• What is the plan/expectations for an exit?
• What is a reasonable valuation at the time of an exit?

It’s not exhaustive but it will get you started. The right mentality in these convos:

• I want equity because I believe in the company long-term
• I want to be aligned with the leaders/founders
• The more information I have the better decision I can make for my family

If you’re early in your career, find a place where you can be and operate as an owner. Optimizing for learning, speed, ownership, and great people to learn from is paramount. For more on equity >> https://t.co/V461HQbAkz

More from Startup

Justin Kan
@justinkan

I just gave a talk to the W2021 YC batch. It's my favorite startup audience to talk to. Here are some of the highlights:

Finding product market fit is the critical thing to do in a startup.

Everything else: demo day, what investors you get, how much you raise, what press covers you -- it is all window dressing.

Many founders don’t want to talk to their customers because it makes them vulnerable, because it's hard work, because it's scary. Creating a tight feedback loop with customers is the one thing that will help you discover PMF.

If a customer isn't one of your cofounders, try to create a customer panel that allows as tight of a loop as possible. Call them daily. Put them in your Slack.

My Twitch cofounder Emmett Shear has a great analogy on PMF here: it's like rolling a boulder downhill.

1/ What is \u201cproduct/market fit\u201d? I\u2019m not sure I can give you a definition. But maybe I can share what the subjective difference is in how it feels when you have it and when you don\u2019t. Founding a startup is deciding to take on the burden of Sisyphus: pushing a boulder up a hill.
— Emmett Shear (@eshear) July 27, 2019

Alex Brogan
@_alexbrogan

Most people have only just seen the opening scene of the internet.

But behind the curtains there’s pure gold.

Here are 10 of the most useful websites in existence:

https://t.co/YShvPsYfKT

See all of your newsletters in one place and unsubscribe from them with a single click.

https://t.co/eIoLiGGIHh

Share files privately & secure, without a size limit or storing anything online.

https://t.co/fk467hI0Vu

A fast visual sitemap builder and website planner.

You can build, plan, and visualise your website structure and create content in real-time.

https://t.co/rsJN67IqTI

Examine lets you cut through the noise on Nutrition and supplement information.

It’s got zero conflicts of interest: No ads, No industry ties.

Advertisement

Paras Chopra
@paraschopra

You can find a lot about a company's undisclosed strategy by simply looking at what positions it is hiring for.

$Simon H\xf8iberg$

Simon Høiberg
@SimonHoiberg

Why should you start your own business instead of becoming an employee?

Well, being a business owner isn't for everyone.
But it may be exactly the change you need!

Let me give you some great reasons to quit your job and become self-employed.

🧵👇

1️⃣ You become free and independent

You get the ability to steer the direction of your life in any way you want, instead of working for the whims of others.

You also get to manage your own time and schedule.
Who wants to ask for permission to spend time with your loved ones?

2️⃣ You get to follow your passion

In your own business, you get to do what excites you.
Not only does a passion make your job fulfilling, but it also unlocks hidden powers in you!

Why do you work?

❌ Because my boss wants this done by tomorrow.
✅ Because I love what I do!

3️⃣ You can make a lot of money

Of course, wealth isn't everything.
But let's be real, it's important!

By freelancing, you can triple your income.
I take home more than $300K/y on consulting alone.
So can you 🔥

Combine that with selling products!
Only the sky is the limit.

4️⃣ You pay way less in taxes

Earned income (salary) is the type of income that is taxed the highest.
By being an employee, you're a 50/50 partner with the government.

By incorporating your business, you can lower taxes by reinvesting in assets such as stocks or property.

MATT GRAY
@matt_gray_

9 TED Talks in 9 days that will change your life:

Day 1:

Sleep is your Superpower by Matt Walker

• How we can get better sleep
• Why sleep is our life-support system
• Sleep's impact on learning, memory, and our immune

Day 2:

The Power of Vulnerability by Brene Brown

• How happiness leads to courage
• Understand the importance of feeling connected

Day 3:

Inside the Mind of a Master Procrastinator by Tim Urban

• The conflict between the "instant gratification monkey" and the rational mind
• Why we binge YouTube and Netflix to avoid important

Day 4:

Your Body Language May Shape Who You Are by Amy Cuddy

• Power-posing and how it can change your mood
• How confidence leads to more successful outcomes

You May Also Like

WORLD OF SANATAN DHARM...
@world_sanatan

UNTOLD STORY OF QUEEN BHAVASHANKARI OF BENGAL - A 🧵u must read

Know the role of Naga Sadhus

PART-1

One of the most underrated empires to ever grace India is the kingdom of Bhurshut from central Bengal.

1/

A medieval powerhouse this kingdom stood firm against the Pathan invasion from Orissa twice, and with each time devastating the enemy forces.

Along with this, we also have to note that this was the time when the empire was under the reign of a widowed queen named Bhavashankari.

She wasn’t even born in a royal family and yet she achieved what most of the kings couldn’t do

This begs the question, why does no one remember this great kingdom?

3/

Bhurshut empire thrived from 15th century till late 18th century as an independent kingdom while acting as tributary state with full autonomy.

4/

What’s even more puzzling is that no one knows about the great queen Bhavanshakari who thrashed the Pathans single handedly without the aid of their allies.

5/

Jaya_Upadhyaya
@Jayalko1

DEVI KARUMARIAMMAN, THIRUVERKADU (TN)

Devi is worshipped here as both Swayambhu (self-manifested) and as Parashakti (with 4 arms holding skull,sword,trishul,udukkai/damru).

Here, Muruga got Vel from Devi to fight Suran. So the place was called Vel kadu which became Verkadu.

It is said that there was an anthill here long ago. Devi appeared in the dream of a devotee and asked him to build a shrine at that spot. When the anthill was removed, the swayambhu murti of Devi emerged. So Devi is called Karuvil Illadha Karumari ( not in the womb of mother).

Once, Devi went to Surya in the form of an old woman but Surya neglected her. Devi’s anger made Surya lose his brightness.
To appease her, Surya said that His rays would fall on Her directly twice in a year and touch her feet. Also, Sunday is celebrated as day of Devi Karumari.

There is also a wooden image of Devi (Marachilai Amman) here. Devotees offer locks to her in the belief that She would safe guard their houses.
Temple tank (Thiruchamber Poigai) is said to have been created by Subramanya. Taking dip in it is said to cure skin related disorders.

Advertisement

Pat Walls
@thepatwalls

And here they are...

THE WINNERS OF THE 24 HOUR STARTUP CHALLENGE

Remember, this money is just fun. If you launched a product (or even attempted a launch) - you did something worth MUCH more than $1,000.

#24hrstartup

The winners 👇

#10

Lattes For Change - Skip a latte and save a life.

https://t.co/M75RAirZzs

@frantzfries built a platform where you can see how skipping your morning latte could do for the world.

A great product for a great cause.

Congrats Chris on winning $250!

#9

Instaland - Create amazing landing pages for your followers.

https://t.co/5KkveJTAsy

A team project! @bpmct and @BaileyPumfleet built a tool for social media influencers to create simple "swipe up" landing pages for followers.

Really impressive for 24 hours. Congrats!

#8

SayHenlo - Chat without distractions

https://t.co/og0B7gmkW6

Built by @DaltonEdwards, it's a platform for combatting conversation overload. This product was also coded exclusively from an iPad 😲

Dalton is a beast. I'm so excited he placed in the top 10.

#7

CoderStory - Learn to code from developers across the globe!

https://t.co/86Ay6nF4AY

Built by @jesswallaceuk, the project is focused on highlighting the experience of developers and people learning to code.

I wish this existed when I learned to code! Congrats on $250!!

Pulp Librarian
@PulpLibrarian

Many readers have asked me "why do so many pulp covers feature women in ripped red blouses standing in swamps while a man fights off an unusual animal attack?"

The answer is artist Will Hulsey...

Will Hulsey was the undisputed king of the animal attack pulp cover. You name it, he'd paint it attacking you in a pool of stagnant water.

Very little is known about Will Hulsey, but he worked on a number of men's pulp magazines in the 1950s and early 1960s including Man's Life, True Men, Guilty, Trapped and Peril.

Their audience was ex-GIs: during WWII the US Council of Books in Wartime had given away over 122 million books to American servicemen to read; this led to a post-war surge in paperback and magazine sales amongst these newly enthusiastic readers.

As a result the 1950s saw a raft of men's pulp magazines being published to tap into this market - almost 200 different titles!

Cookie Cyboid
@CookieCyboid

“Why are Tumblr and Facebook cracking down on sex so much? And why is Facebook in so over zealous about it? It’s all Apples fault!” Etc etc

I can explain all. It is largely the fault of a set of US laws called SESTA and FOSTA.