Venture Deals · glossary
The fixed price an option holder pays for each share. It may not be below the €1 nominal value. Solaris granted options at €400 after the Series A and at €200 after the Series B. Option Plan, rule 4 · Chapter 12
Explained in Chapter 12, Employee Equity and the Option Plan, of Venture Deals.
A young company pays its staff partly in options, because it has little cash to spare. An option is a right to buy a stated number of shares at a fixed price, the exercise price. If the company is later sold for more, the employee keeps the difference. The option pool (the shares set aside for options) limits how many the board can grant.Read Chapter 12, Employee Equity and the Option Plan →
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