A better offer letter

Henry Ward
Mar 12, 2016 · 2 min read
Cover Letter
Welcome Letter
Summary of offer
Simplified graph of our capital structure and breakpoints.
Formula for calculating option payouts for exit values greater than $77M
Tranche-by-tranche table of employee’s vesting schedule.
Brief advice on how we encourage employees to think about their equity.
Overview of Benefits
Home office address and weekly commute schedule. (only for Bay Area employees)
Introduction to first week’s schedule and 1-on-1s.
Required legal language regarding option details and pending board approval.
Signature page.

Owner’s Manual, Blog by Carta

Equity education from Carta

Henry Ward

Written by

CEO at Carta

Owner’s Manual, Blog by Carta

Equity education from Carta