Options - The Right to Buy a Share of a Company

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An option is the right to buy a share of a company at a certain price. The idea is you grant them when the company is not worth much and the company appreciates a ton. A lot of these options go to zero, so it's really important to be able to grant equity in a way that is not taxable for the very early stages of the company.

In the 55th episode of The Logan Bartlett Show, Amplitude CEO Spenser Skates joins to discuss his path to going public, finding market fit, differentiating from competitors, and Logan’s early investment in Amplitude.

(0:00) Intro

(4:13) Going Public

(16:50) Thinking About Cost Consciousness

(21:17) Crowdsourcing Cost-Saving Ideas

(26:22) Choosing a Career

(35:25) The Promise of Product Data

(58:36) What to Look For in a Board Member

(1:01:12) Founding CEOs Suck at Hiring

(1:17:39) Exercise Windows

Mixed and edited: Sam Dewees

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839

Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg

🎥 Subscribe on YouTube: https://www.youtube.com/channel/UCugS0jD5IAdoqzjaNYzns7w?sub_confirmation=1

Follow on Socials

📸 Instagram - https://www.instagram.com/theloganbartlettshow

🐦 Twitter - https://twitter.com/loganbartshow

🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow

About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.