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Today’s VC post of the day is from Albert Wenger (USV) and titled Presenting Option Grants to Boards. This is feedback I give to CEOs 98% of the time after my first board meeting. While there is no standard for how to present option grants, Albert lays out a very clear set of eight pieces of data he likes to see. The first four are the the columns in the spreadsheet and each employee / option grant are the rows. The next two are footnotes for options grants that aren’t standard. And the last two are contextual data that should always be included since board members are on multiple boards and won’t remember this from company to company.
Here’s are the eight pieces of data – go read the post for more details on why all eight are necessary.
Spreadsheet data:
Footnotes data (for option grants that aren’t standard)
Context data
Related posts:
Beginning in 2005, Brad Feld and Jason Mendelson, managing directors at Foundry Group, wrote a long series of blog posts describing all the parts of a typical venture capital Term Sheet: a document which outlines key financial and other terms of a proposed investment...
AskTheVC is maintained by the four partners at Foundry Group: Brad Feld, Seth Levine, Ryan McIntyre and Jason Mendelson.