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Come Ask Your Questions To Me (Valentin) And The Easop Team!

  • 1.  Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:00

    Hi, Carta Community! I'm Valentin (you can call me Val) and I'm the CEO and Co-founder of Easop. Easop does one thing really well - we make it easy to issue and approve compliant stock option grants to international employees. When you want to issue an options grant to your employee in, say, Poland, you can use Easop to generate documentation compliant with Polish law faster and at lower cost than ever before.

    And as part of that, we've had to learn an enormous amount about equity not just in the US, but in 70+ countries across the world.

    I'm excited to kick off this Ask Me Anything event, and I'd like to welcome you to ask me all your questions about Easop, international equity, compliance, and beyond, and I'll do my best to answer. Let's do it!



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    Valentin Haarscher
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  • 2.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:06

    Hey Val! How do you handle equity questions when an employee is terminated? Does that change if they're based outside of the US? 



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    Timothy Dewsnup
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  • 3.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:10

    It's a complicated topic, and it involves a lot of questions around how vested the employee's stock options are and what you, as the employer, are willing and able to provide.

    For instance, you might be able to waive the cliff (most vesting schedules start with a 1 year "cliff" that you have to pass before your options start to vest), accelerate the vesting schedule (allow anyone at any stage who hasn't fully vested to buy in to the company further) or even extend the length of time after the employee has left for them to be able to take advantage of the stock options they have already accrued (known as the post-termination exercise period or PTEP).

    There are tax considerations to take into account too if the employee decides to exercise within the PTEP. In the US it's quite simple, but when your employee is based abroad you need to think about whether you still have the obligation to withhold something even though the employee has left the company (how should you notify the tax authorities, should equity be treated as part of the severance package, etc.). It all depends on how your plan is structured and on what the local laws say.



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    Valentin Haarscher
    CEO & Co-Founder
    Easop
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  • 4.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:19

    Awesome. Thanks!



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    Timothy Dewsnup
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  • 5.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:20

    I went through a funding round where I raised almost totally via SAFE notes. I have quite a few of them now, and now I need to be able to issue options to my employees. The problem is that because some are pre-money, some are post-money, and the valuation cap is different each time, I don't know how to calculate my price per share … which means I can't put a dollar value on the equity grants I plan to make. What's the best way to figure this out?



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    Julia Larsen
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  • 6.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:26

    It can be tricky to simulate the conversion of multiple SAFE notes and get a proper understanding of the company's valuation, the company's latest price per share or one's ownership percentage.

    At Easop, we always advise our clients to aim for the highest level of transparency when it comes to communicating equity value. If you, as a founder, want your team to be in the same boat, you need a proper understanding of what you have. Because even if your employees can be fooled by improperly representing company's valuation, that lack of transparency will always come back to bite you.

    You can take the highest or the latest valuation cap as a proxy of your company's valuation but keep in mind that you'll have to take into account the dilution impact of these SAFEs when calculating the "SAFE price". Feel free to contact me in DM if you want us to go through the numbers together!



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    Valentin Haarscher
    CEO & Co-Founder
    Easop
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  • 7.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:51

    I might take you up on that. Thank you!



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    Julia Larsen
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  • 8.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

    Posted 02-20-2024 09:23

    Hi Val,

    Are they any specific considerations that I need to make when I issue Options to Canadian employees, at the time I issue them?

    Thank you,

    Bruce



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    Bruce Terry
    President & Co-founder
    Bodidata, INc.
    www.bodidata.com
    https://www.linkedin.com/in/bruceterry-bodidata/
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  • 9.  RE: Come Ask Your Questions To Me (Valentin) And The Easop Team!

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