You don’t hear as much about it as I would like, but I love the small and scrappy fintech startup community in Portland. What started with companies like Simple has spawned any number of interesting takes on banking, financing, and investing. Even the cofounder of Acorns—which enables folks to round up purchase prices to invest small increments of money—has a Portland connection. (He graduated from Lewis & Clark.) So you can imagine my excitement when I heard that Giftango founder David Nelsen was getting back in the startup game with a fintech play. And now, it’s come out of stealth. Meet Bumped.
In the world of startups, “stock,” “options,” “equity,” and “liquidity event” are bandied about pretty freely. But given that—as an entrepreneur or an employee at a startup—they greatly affect your livelihood and the value you’ll derive from contributing to a startup, it would probably make sense for you to understand exactly what those terms mean, wouldn’t it?
It would. And that’s why is was nice to find this cheat sheet, An Introduction to Stock & Options for the Tech Entrepreneur or Startup Employee. Read More