In this 2-part episode of Starting Up & Right, Zak Nugent, CEO of valuation firm Scalar, joins the conversation to talk in detail about 409As. The talk starts out as a general introduction to 409As and their purpose then digs in deeper to discuss details that startup founders need to consider as they price their common stock.
Startup attorney Mark White joins the conversation to discuss the frequent collaboration between finance and legal in a growing startup. Ryan and Mark discuss the benefits of strategic partnerships, giving examples of how they can go right, and how they can go wrong. They also discuss recent advances in cap-table management due to new platform technologies (such as Carta) and how these improvements have affected their roles with the cap-table. The result is just over 30 minutes of some specific and very helpful information.
In this Prologue/Intro episode, we introduce the co-hosts and discuss the premise of a new web series focused on startups from the perspective and experiences of a Silicon Valley startup CFO. The episode covers the background of Ryan Keating and how he formed his perspectives on successful startup finance. Future guests will include startup founders, investors (VCs and angels), consultants/experts, and board members of startups. Key themes central to each show include fundraising, financial modeling, and board meetings.