How to Make a Tender Offer to Stockholders

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If you have that type of structure in place, then you will need to get the participants to opt in. So they could keep the original deal or take the new one. There's an actual whole formal process that has to be followed with this disclosure and this opt-in. This is a bit of work for the CFO and or law firm. And the other piece that goes into this is you probably have more than five or 10 people that are impacted by this. Maybe there's 50, 100 folks that may fall in this category.

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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