{
  "docId": "019f6b8e-e48c-7358-9b19-7db45c8e5c4e",
  "docSlug": "jarvis-50folds-esop-template-v3",
  "documentTitle": "50Folds ESOP Template v3",
  "authorId": "50folds-esop-template-v3",
  "authorName": null,
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": null,
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 18,
  "pageCount": 84,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "other",
  "function": "present_framework",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a casual, irreverent tone to explain equity compensation mechanics.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8e-e48c-7358-9b19-7db45c8e5c4e/18",
  "deckHref": "/decks/019f6b8e-e48c-7358-9b19-7db45c8e5c4e",
  "deckJsonHref": "/decks/019f6b8e-e48c-7358-9b19-7db45c8e5c4e.json",
  "deckAnchorHref": "/decks/019f6b8e-e48c-7358-9b19-7db45c8e5c4e#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.7,
        "w": 0.95,
        "x": 0.03,
        "y": 0.18
      },
      "kind": "list",
      "text": "Creation: Investors make founders set up an ESOP. A % of shares are allocated (which with almost certainty 100% dilute the founders)\nIssued: Founders and the rest of the board of directors (which now includes the lead investor) agree formally to dole out shares to staff. Senior staff are agenda items, junior staff are rubber stamped since how they are assigned shares is formulaic\nVesting: Staff get all their agreed upon 'issued' options upfront, but they 'vest' over typically 4 years. They need to serve time before they are 100% vested. The options have a value - the strike price. The strike price depends on the last valuation or fundraise valuation. Earlier you join the better\nExercise: Once shares are fully-vested it's not bottle popping time. The shares are only exercisable when Hooli comes to buy SlackChat or it IPOs. The price per share of the acquisition is the 'exercise price.' The difference between the two times by the vested shares equals a Lambo or a Hyundai (after tax is paid)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6b4a9bb-14c7-4ee0-a458-df331ad23b90",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.03,
        "y": 0.05
      },
      "kind": "subtitle",
      "text": "STAFF ARE GIVEN SHARES AT A PRICE. DELTA BETWEEN THAT AND SELL PRICE X SHARES = $",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "35bb6966-ac5c-4fd2-9f21-ebf0f4cf7ba0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.03,
        "y": 0.1
      },
      "kind": "title",
      "text": "HOW DO STAFF START UP, CASH IN, SELL OUT AND BRO DOWN?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8892bea8-c821-41b5-9e20-d485f0e435c6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "process",
      "slug": null,
      "matchId": "2c249f60-dbf6-43dc-b6bb-9ed232a8931b",
      "evidence": "The slide outlines a sequential 4-step lifecycle of employee equity.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 10,
      "beatId": "7b1e8d84-4e60-471e-8c78-d94374b04548",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The deck provides a structured approach to ESOP design, including setting up a hiring plan, determining equity allocation, and communicating with staff.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}