(Originally published for Founders Circle on January 8th, 2018) In order to conduct or facilitate a private tender offer, companies are often required to disclose confidential information they’re used to guarding closely. Because the potential sellers—usually employees—typically don’t have the same information as the buyer—usually a current institutional shareholder, a growth equity fund, or the…
(Originally published for Founders Circle on February 20th, 2018) In Silicon Valley, a tender offer that allows longtime employees at high-performing startups to get some liquidity is fast becoming an expected benefit. While secondary stock sales have always been possible, their popularity—and legitimacy—has soared in the past 10 years as successful companies put off IPOs in…
Originally created for Carta rebrand on November 2nd, 2017
Salespeople are stereotypically competitive, hungry and cash-oriented, but like any employee at a startup, equity can play a role in their compensation.
Originally published for Carta.com on September 14th, 2017 Sunaina Seelam is the VP of finance at Scoot Networks. After working in the automotive industry, shifting to the rental business model at Scoot was a new challenge. Scoot rents motorized scooters for easy and affordable transit around the San Francisco streets. Carta: What does a typical…
In my 20 years in the valuation industry, the main conclusion I have drawn is the way we value private companies under IRC section 409A is inherently flawed.
Silicon Valley used to be the only place to be a startup. If you wanted capital, access to talent and experienced investors you had to move to the Bay Area.
Of the nearly 250 cap tables onboarded at eShares each month, almost every single one has at least one mistake. Most have multiple.
To a newly formed startup, the idea that your cap table could become a massive headache seems ridiculous.
Tucan Hotel is a backpackers dream but is also perfect for families who want to stay on a budget. The vibe of Tucan is everything to the guests and staff that stay here.