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Worried that our top performer is an attrition risk. How do managers handle this?
i just got an offer from a place (series D) and they offered 75k options at a strike price of 2.50. They said preferred shares are at 6.00 but haven't told me anything else. what should I be asking? thanks
Ask for: - (a) fair market value: this will be slightly higher than strike price and the spread between strike price and fmv is what you report for tax purposes when you buy the options - (b) total # of shares - (c) what was the company valued at in the latest round? c/b = your value per share as of last funding. See if this value vs strike price makes sense to you in terms of possible upside to your options in case the company does well from here Also ask if the options can be purchased as soon as you join to lock in the fair market value as per latest 409a. This way you save taxes but you need money to buy them all. Maybe buy some if you believe in the company.
Thanks!!
Ask about total fully diluted shares. And obvious things like your exercise window if you leave the company.