Dictionary
Terms on hiring.
5 founder terms tagged hiring.
Dilution Fundraising
The reduction in your ownership percentage that happens when a company issues new shares, typically to raise money or grant options.
EIN (Employer Identification Number) Legal & Compliance
A unique nine-digit number the US IRS assigns to your business for tax and identification purposes, like a Social Security number for your company.
ESOP (Employee Stock Option Pool) People & Hiring
A reserved block of company shares set aside to grant as stock options to employees, aligning their upside with the company's success.
SOP (Standard Operating Procedure) Operations
A documented, step-by-step process for how a recurring task should be done, so it's consistent no matter who does it.
Vesting Equity & Legal
The process of earning equity over time, so shares or options only fully belong to a person after they stay for a set period.