Employee Option Pool

Ledger of all securities issued by a company and who owns them.

Reduction in existing shareholder ownership when new shares are issued.

Timeline over which equity is earned by an employee or founder.

An independent fair-market-value appraisal of common stock used to set tax-compliant strike prices for employee stock options.

Adjustment that protects investors if the company raises a future round at a lower price.

Interim financing between priced rounds, usually convertible.

Rate at which a company spends cash, typically expressed monthly.