What confused you the first time you issued equity?

Many of us are issuing equity for the first time, and it can feel overwhelming. If you've already been through it, your experience could save someone else from the same confusion.

What tripped you up most when you issued equity for the first time? Was it figuring out board approvals, setting up your option pool, understanding vesting schedules, nailing the 409A timing, or something else entirely?

Vote in the poll below, then share the details in the comments. What specifically confused you? How did you work through it? Your story could be exactly what someone needs to hear right now.