Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: askjay@revision3.com, @jayadelson, or http://youtube.com/askjayadelson Read More
Today, Jay tackles a question about why it is important as an early employee to be offered equity (generally stock options) at the time you join the company, and how to go about communicating effectively to get it.
Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today, Jay tackles a question about why it is important as an early employee to be offered equity (generally stock options) at the time you join the company and how to go about communicating effectively to get it.
Jay's Chalkboard Notes:
- Demand stock language in offer letter
- Value of shares may not be determined outright
- There's no reason to wait for options ... demand it now!
How much should you ask for and what will it be worth?
- Greater risk should translate to greater stock offering
- Don't think percentage, think price per share
- Ask employer how many shares are outstanding
Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.
