First a bit of back ground: The start up is related to my PhD research area and gives me a chance to build up on my back ground as opposed to a standard industry job. So, I am considering this seriously.
The company has 1 million stock outstanding with a stock value of ~60$ per share at a recent valuation. The CEO is the majority stock holder in the company ~60%.
I am being offered around 7500 stock options with the strike price at the fair market value (~60$/share). Since the strike price is so high, it basically makes it impossible for me to exercise the options without selling the stock at the same time (when the stock is vested).
Is the strike price for the options normally equal to the current market value or is it usually a discounted price ?
Thanks !
It has happened so many times: I am curious about a certain product, say rate-my-shoes.com, sign up on their website and with in a few weeks, they are the 3rd or 4th result in Google when I look up my name, saying "Rate Seshadri's shoes here!".
Then I have to go back and look for some advanced setting where I disable search engine listing of my profile, or even delete the account completely if I don't find the option to disable my public profile or don't like the product enough.
So, please, please don't make my profile available to search engines by default or at least ask me if I want to do so !
We are group of people working full time at different companies on H1-B visas. We want to apply for YCombinator, but our plan is to continue working part-time on the start-up idea till it gets some real traction.
Is it possible to apply for YCombinator with only part-time commitment from the founders ?
Thanks, Sesh