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Equity & Ownership Mechanics: How Startup Equity Actually Works

Explain the foundational equity structures used by startups.

Key Questions Answered

What this topic covers

  • What types of equity exist in startups?
  • When does ownership actually transfer?
  • How do vesting and repurchase rights interact with ownership?
  • Restricted stock
  • Stock options (ISOs and NSOs)
  • Vesting schedules and cliffs
  • Repurchase rights
  • 409A valuation overview

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