How to Price Options at a Dollar Per Share

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The goal, ostensibly, would be to keep talented people at the company and not to sound like a marauder. The first thing would be to get a fresh 409A valuation report so that you have something from an independent valuation firm. Who gets to participate? Is it just current service providers? Are you going to offer it to former service providers that may still have options that are outstanding?"

Today’s show:

Wilson Sonsini Partner Becki DeGraw joins Jason on the latest edition of Startup Legal Basics! In this episode, they discuss the contrast between late-stage and seed-stage investing (2:52), repricing stock options (5:48), the adoption of AI in the legal industry (23:29), and much more!

Time stamps:

(0:00) Wilson Sonsini Partner Becki DeGraw joins Jason

(1:19) The increase in tech layoffs and AI startups

(2:52) Late-stage vs. early-stage investing and the seed-stage value chart

(5:48) Repricing stock options when underwater

(14:05) Disclosing revenue, burn rate, and growth rate

(18:08) RIFs and knowing your employees

(20:57) The long-term effects of remote work

(23:29) The use of AI and chatbots in law

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