Venture capitalist Rob Weber of Great North Labs really wants more Minnesotans to overcome their hesitancy and join promising young technology companies to get in on the stock options. He obviously thinks it’s a smart business practice for both founders and employees to share in the rewards of ownership through options, but he’s got a larger agenda here, too. Weber and his partner and brother Ryan founded a firm committed to financing growing companies in the Upper Midwest, so they want to see its whole innovation community thrive. Spreading around a little more wealth from successful businesses is one of the ways to develop a vibrant innovation cluster. Maybe employees don’t get seven- or eight-figure paydays when their employer gets acquired, allowing them to coast or become full-time investors, but a far smaller chunk of option-generated wealth is still capital. It could provide the financial breathing room as one-time employees turn into company founders and … [Read more...] about It’s smart to get in on stock options with promising startups
How company stock options work
Women who work at startups earn significantly less than their male co-workers when payments in company shares are counted, according to a report released Tuesday. Startups typically offer job candidates lower salaries in exchange for stakes in the company paid out over time, typically as stock options or restricted stock units. In San Francisco and Silicon Valley, those payouts can dwarf regular paychecks, since the value of options or units grows along with the company’s worth. But new data collected by Carta, a San Francisco firm that helps companies manage stock grants to employees, suggest women employees aren’t receiving a fair share. Carta analyzed a subset of its customers, which included more than 180,000 employees at roughly 6,000 companies. Carta found that female employees receive 47 cents of stock-based pay for every dollar male employees received. That is a far wider gap than in regular pay: In 2017, women earned 82 percent of what men earned, according to a … [Read more...] about Silicon Valley underpays women in stock options, too, study says
Mary Fox Luquette MBA, CLU, ChFC Published 5:00 p.m. UTC Jul 1, 2018 Investing is not just a matter of picking stocks and bonds. It incorporates so much more. First, there is the matter of how much risk an investor can tolerate. Then, there is the selection of which stocks and bonds (or none at all) that need to be selected. Next, the time frame — or investment horizon — must be considered. To help people open a dialog with their investment adviser, I have put together a short risk tolerance questionnaire. It will help determine the kinds of investments that can be bought based on a person’s ability to absorb risk. In creating the “Risk Tolerance Questionnaire,” I examined the types of questions found in risk questionnaires from various investment companies, and then narrowed my questionnaire to five targeted questions to conserve space. A thorough questionnaire generally has about 15-20 questions along with a place to list the … [Read more...] about QUIZ: How risky are you with your finances?
The opportunity to own shares in the firm you work for can be extremely valuable By Bob Bonfiglio Published: June 22, 2018 An increasingly valuable form of compensation for many individuals who work for privately held or public companies is the opportunity to own company stock. This is often made available through an employee ownership plan. If your employer provides you with this benefit, it’s important for you to understand how employee stock The opportunity to own shares in the firm you work for can, at times, be extremely valuable. In other circumstances, the actual financial benefit may turn out to be limited. Much depends on the level of success the company enjoys. One of the most appealing aspects of stock options is that it gives you a greater stake in the potential success of the company. Prices and dates to know Before you make any decisions about how to take advantage of stock options, you need to understand the price you will pay for shares of company stock and … [Read more...] about Capitalizing on employee stock options
Syracuse, N.Y. -- Years ago, after Kevan Sheppard and his wife Annemarie had taken in Chinonso Obokoh and realized the 6-foot-9 Nigerian teenager could benefit from additional basketball attention, Sheppard sought a summer program that could help Obokoh develop his game. The array of options seemed endless. The grassroots summer basketball circuits provide ample opportunity for athletic teenagers to compete against similarly-skilled peers. But navigating those programs, Sheppard learned, could be problematic. "You don't really know much about any of these programs if you don't personally know the coach," Sheppard said. "City Rocks is one of the few programs that come with a history. You can do research on them. You can do research on Jim Hart." The Albany City Rocks play in Nike's Elite Youth Basketball League, one of three shoe-sponsored summer circuits all hoping to attract the best prep talent in America. The 17U team -- the culmination of each kid's grassroots career -- competes … [Read more...] about How does AAU basketball work? Inside the City Rocks, Upstate NY’s premier team