An Overview of Online DIY Education
“The first thing you do is you figure out how valuable your company is (we call this “best value”). This is NOT your 409a valuation (we call that “fair value”)…
The second thing you do is break up your org chart into brackets. There is no bracket for the CEO and COO…
When you have the brackets set up, you put a multiplier next to them. There are no hard and fast rules on multipliers. You can also have many more brackets than four. I am sticking with four brackets to make this post simple. Here are our default brackets:
Senior Team: 0.5x
Director Level: 0.25x
Key Functions: 0.1x
All Others: 0.05x…
Then you multiply the employee’s base salary by the multiplier to get to a dollar value of equity. Let’s say your VP Product is making $175k per year. Then the dollar value of equity you offer them is 0.5 x $175k, which is equal to $87.5k….
Then you divide the dollar value of equity by the “best value” of your business and multiply the result by the number of fully diluted shares outstanding to get the grant amount. We said that the business was worth $25mm and there are 10mm shares outstanding. So the VP Product gets an equity grant of ((87.5k/25mm) * 10mm) which is 35k shares.”
Complete List of Behavioral Interview Questions -
Even though I hate behavioral interview questions and think they’re abused, I think there are some gems in this list that could be useful to interviewers if used properly.
5 Steps To Bootstrapping Your PR Efforts -
I really like his sample journalist outreach letter.
Twelve Things You Were Not Taught in School About Creative Thinking -
A few that jumped out at me:
3. You must go through the motions of being creative…The more times you try to get ideas, the more active your brain becomes and the more creative you become.
6. Never stop with your first good idea.
10. You do not see things as they are; you see them as you are.
11. Always approach a problem on its own terms. Do not trust your first perspective of a problem as it will be too biased toward your usual way of thinking.
12. Learn to think unconventionally. Creative geniuses do not think analytically and logically. Conventional, logical, analytical thinkers are exclusive thinkers which means they exclude all information that is not related to the problem.
“
The biggest barrier to an artist is self-confidence. The artist always battles his own/her own feeling of inadequacy.
When I was young on a movie set, I would try to stage the scene and the actors would read it, and they would begin to challenge the text. What I learned, which is a simple idea, is that if you hold out with your vision a little bit the scene doesn’t work immediately. It’s like taking the cake out without letting it be in the oven for more than a minute. Like, oh no, it’s terrible.
So you have to be patient, and then slowly everyone starts to see that the ideas are right, or make the corrections. You have to battle the lack of confidence by giving the scene the chance to solidify.
” — Francis Ford Coppola (via brycedotvc)
I’ve censored the following, in protest of a bill that gives any corporation and the US government the power to censor the internet—a bill that could pass THIS WEEK. To see the uncensored text, and to stop internet censorship, go here.
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How Entrepreneurs Can Increase Productivity by 500% -
9 filters for getting rid of negative thoughts from a post by James Altucher: