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Seraf Toolbox: Dealing with Restricted Stock - Model IRS 83(b) Election Form

The Seraf Compass

Many years ago I joined the board of a company after my angel group became the lead investor in the company’s seed financing round. As part of my compensation for being a board member, the company issued me restricted stock.

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Advice to Rising VCs and Founders Navigating The Correction

Revolution

On the other hand, if the company does need to finance again, it is likely looking at a “down round” in the near future — a financing at a lower price per share than the previous financing. As we have discussed with management teams and boards over the years, it is easy to find a company that failed because it ran out of cash.

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Who Should be on Your Startup Board?

Both Sides of the Table

One of the things that founders have the most angst about is whom they should have on their board and at what stage of the business. This is smart because amazing board members can be transformative with important advice and access and can also help attract other great board members (and team members).

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TechCrunch+ roundup: SBA startup loans, quarterly board decks, bootstrappers’ delight

TechCrunch

shared her advice for entrepreneurs who are focused on climate and sustainability: “If your business activities have produced desired results and repeatable cycles — like developing a new product and distributing it through local markets — then you are ready to multiply.” Build a solid deck for your quarterly board meetings.

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Any advice can be worthless, or worse.

Berkonomics

Ever get bad advice? Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. We all have in our past. But I digress.

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Extra Crunch roundup: Build a founding team, choose a VC and recruit your board

TechCrunch

His initial advice? ” In a related article, Gregg Adkin, VP and managing director at Dell Technologies Capital, shared the framework he’s developed for helping founders set up their board. .” The composition of the board can also impact your fundraising. Do bronze medals ever make sense for unicorns?

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Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

When I first read Paul Graham’s blog post on “High Resolution&# Financing I read it as a treatise arguing that convertible notes are better than equity. if you need advice on how to find / work with startup lawyers cheaply click that link). Photo credit: D. Blanchard/O’Reilly Media. and not a min.

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