#54 - Equity at startups – what does it all mean? (Zac Henderson & Michael Mizrahi)

Levels Head of Operations, Michael Mizrahi, and Head of Legal, Zac Henderson, sat down to discuss all the technical intricacies of equity including what it is, how it works and the value behind it.

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(04:43) - What is equity ownership?

(05:51) - How public companies are valued and owned

(08:20) - Private companies have disclosure requirements

(10:39) - The vesting process

(14:44) - The two types of stock options

(20:26) - The advantages of ISOs

(33:18) - How companies use crowdfunding

(38:10) - Fair market value

(46:03)- The role of pro-rata

Transcripts & Show Notes