by Mike Baker | Oct 13, 2022
Someone just emailed me the following question (paraphrased): “I have a private company client who has approved a new hire grant to their new CEO that includes early exercise. The total exercise price of the option grant is $180,000 and the CEO is planning to...
by Mike Baker | May 26, 2022
Let me start with the bad news: I have been persuaded that future token contracts likely do not work. But let’s back up. If your offshore entity[1] has not yet minted tokens but you want to get something into the hands of service providers, historically you have...
by Mike Baker | May 13, 2022
Can I use a self-directed Roth IRA to fund my start-up? I was asked this question by three different clients yesterday. Ever since it was revealed last year that Peter Thiel has apparently accumulated $5B in his Roth IRA this seems to be increasingly on people’s...
by Mike Baker | Apr 28, 2022
So, your company has generated some tokens (presumably offshore) and you want to use them to compensate employees. Common ways to do so include: Restricted Tokens Tokens can be sold or awarded to employees. Since the employee will generally either need to pay for the...
by Mike Baker | Dec 8, 2021
Occasionally a company calls me and asks me about granting a stock award to a service provider in a foreign country. That can be done, though it often involves drafting an international form of stock award agreement, sometimes involves adopting a sub-plan to be...
by Mike Baker | Dec 1, 2021
I am frequently asked whether a new tax code Section 83(b) election is necessary when vested stock is subjected to new vesting restrictions. This revesting most often occurs at a financing. The investors request the revesting to ensure that the founders stick around....
