Pre-seed, about to bring on two people and want to offer equity. Everyone says "set up an option pool" like it's this casual thing but then I look into it and there's pool sizing, vesting terms, 409A requirements, legal setup fees… my lawyer quoted $5K just for the equity incentive plan docs. At this stage that's a real number.
For founders who already went through this, how much of the process did you handle yourself vs what absolutely needed a lawyer? And was the $5K range normal or did I just get an expensive quote?
Trying to set up an option pool for my first two hires and the amount of decisions involved is wild
byu/Lonely-Ad-3123 inoptions
Posted by Lonely-Ad-3123
1 Comment
Probably not the best sub; this one is for people buying and selling options on listed companies for income or investment. Offering ISOs is a completely different topic.