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Andrew Kirpalani

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Posted By Andrew Kirpalani 01-06-2024 11:54
Found In Egroup: Carta Collective
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A follow-up @Teresa-Judith Chartrand. What are the limits on a board-determined FMV? The company I'm advising has raised money, but only on convertible instruments and doesn't yet have employees and thus haven't done a 409a. Revenue is also limited as this is early stage. Can the board (just the ...
Posted By Andrew Kirpalani 01-06-2024 11:41
Found In Egroup: Founders Lounge
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Hi Rose, Here are a few high-level thoughts and resources: The Mom Test is a short book with a lot of great insights on customer discovery. Simply ask what they're using spreadsheets to do right now. There is still so much value to be created by productizing the things people do ...
Posted By Andrew Kirpalani 01-04-2024 15:11
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I'm also interested in this in the context of advisory shares. I have been been advising a company that has not yet hired and thus not done a 409a. They are considering selling their assets and we'd like to memorialize things via a FAST but not sure how to think about options vs RSUs and strike prices. ...