ESOPs, Advisor Equity, Mentor Stock are terms that every startup founder comes across once they form their company. More often than not, what is not clear is the difference between these terms.
How are ESOPs (employee stock options) different from mentor stock?
What is advisor equity?
Can I give ESOPs to my co-founder?
Do I need a grant letter when I already mentioned the ESOPs in my employee's offer letter? Who has to bear the tax on ESOPs?
Anisha Patnaik is the Co-founder of LexStart, a web-based platform that provides legal and compliance services to startups, investors, and incubators/accelerators. She is a lawyer with over 15 years of experience with special emphasis on transactions in the early-stage space. Anisha regularly advises startups, incubators, and investors on legal issues ranging from starting up to operating a business in India, negotiating fundraising transactions, commercial contracts, and ESOP structuring and implementation.