Education

What is vesting?

The Basics A stock option gives you the right to buy a set number of shares at a fixed price. To encourage you to stay...

Education
Jesse Klein

A founder's introduction to equity

Disclaimer: I am not a financial advisor, and none of the advice below should be taken as legal or financial advice. I have worked with...

Education
Connor Bathen

Modernizing 409As

Software companies are modernizing 409A valuations. This shift is producing 409A valuations that are cheaper, more accurate, and more insightful than the old 409As. As...

Education
Nathan Parcells

The disappearing value of unexercised options

The startup community has seen some of its most valuable companies move towards increasing the Post-Termination Exercise Period (PTE). Unlike public companies, private stock suffers...

Education
Ray Raff

How to do 409A valuations in three highly disruptive industries

Chad Wilbur, eShares’ Head of Valuations, recently wrote a blog post on why startup valuations are broken. To summarize, 409a valuations use public market comparables...

Education
Jesse Klein

10 common cap table mistakes

Every cap table problem stems from two basic sources: lack of institutional control and excessive versions. Having to request your cap table from a law...

Education
Jesse Klein

What to look for in a 409A provider

Searching for a 409A provider can be a daunting task. As a new (or late) founder, knowing what to look for without the right guidance...

Education
Sara Raza

5 companies disrupting the PTE status quo

Post termination exercise window (PTE), the amount of time an employee has to buy their options after leaving a company, is a critical part of...

Education
Stephanie Van

Which cities have the highest startup valuations?

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...

Education
Jesse Klein

Why you should be transparent about employee equity

Equity is one of the most valuable tools you have as a founder to attract talent to your startup. It is an opportunity applicants can't...

Education
Nathan Parcells

Negotiating Vendor Terms as a Startup CFO

Ken Stumder is the VP of finance of Bombfell. Bombfell is a subscription clothing service for men. Personal stylists select and mail clothes to their...

Education
Jesse Klein

NYC CFO Summit: Secondary Markets Panel

At our second CFO summit in NYC, we held a panel to discuss the intricacies of secondary markets. John Buttrick, a partner at USV gave...

Education
Jesse Klein

What to know about Tender Offers

This presentation is meant for educational purposes only. eShares does not provide legal, financial or tax advice of any kind, and nothing in this presentation...

Education
Jesse Klein

NYC CFO Summit: highlight reel

On June 16th, eShares held a CFO Summit in NYC. The goal is to connect a community of CFOs to gather insights and distribute advice....

Education
Jesse Klein

NYC CFO Summit: Kevin Weinman of Mohawk

In June, we held a CFO summit in NYC. Kevin Weinman, the EVP of Finance at Mohawk Group talked about the importance of debt to...

Education
Jesse Klein

NYC CFO Summit: Jack Sinclair of Stack Overflow

Jack Sinclair is a the CFO at Stack Overflow, an online community for developers. Their Q&A format on niche topics inspires 40 million...

Education
Jesse Klein

SF CFO Summit: expert advice on secondaries

eShares held a panel discussing secondary transactions at our CFO Summit in May. The head of our corporate business team, Alessandro Chesser moderated the discussion....

Education
Jesse Klein

The Increasing Pressures for Startup Revenue

As more startups and investors join eShares, high-level trends of the venture industry become easier to spot in our data. In a previous blog post...

Education
Miguel Socias

Case Study: Cap table snapshots sealed the deal for Trello

In early 2017, Atlassian announced it would be acquiring Trello for $425 million. The months of negotiating and due diligence was aided by Trello's reliance...

Education
Jesse Klein

Cap Tables: an exercise in Excel's limitations

To a newly formed startup the idea that your cap table could become a massive headache seems ridiculous. Early on in a startup’s life,...

Education
Jesse Klein

Fireside Chat with Allen Shim, SVP of Finance & Operations at Slack

At the eShares CFO Summit in San Francisco, our CFO Charly Kevers sat down with the Allen Shim, the president of Finance and Operations at...

Education
Jesse Klein

Even for early-stage companies, have a long-term business model

On May 19th, eShares held a presentation and discussion for the Bay Area CFO community. One of the speakers was Stephanie Gantos, the VP of...

Education
Jesse Klein

Think like a COO not just a CFO

As part the eShares CFO Summit on May 19th, Lever's CFO, Eileen Treanor, spoke about the challenges of finance at a mid-stage company. Lever is...

Education
Jesse Klein

San Francisco CFO Summit Highlight Reel

On May 19th, 2017, eShares held a community event for Silicon Valley CFOs. The theme of the event was taking a seed startup to IPO....

Education
Jesse Klein

The Ownership Graph: Introduction

This is the first in a series of eShares posts on the ownership graph. Let’s say you start a company called Meetly. You hire...

Education
Sean Moran

Breaking down RSAs and RSUs

Our first education series (Equity 101) focused on stock options and how they work. In this post, we break down the two most common alternatives...

Education
Jared Thomas

What Every Founder Needs to Know About 409A Valuations

Most founders dream about getting their product live and solving real-world problems. Something you're probably not dreaming about? 409A valuations. But, getting a proper (and...

Education
Nathan Parcells