We've talked about this issue before here at AVC. Investors like to require that an unissued option pool is in the pre-money valuation calculation when they put money into early stage companies. If you don't entirely understand what I am...
Source: http://feedproxy.google.com/~r/AVc/~3/f5zXrRr6XD8/sizing-option-pools-in-connection-with-financings.html
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