Sharing equity is an easy and effective way to attract new employees and motivate existing ones, especially when funds are limited. But more often than not, this involves a ton of paperwork. Too often, employees are unsure or even completely unaware of what they own in the company, or when they can claim the value of their equity. This results in management often getting questions they need to spend valuable time answering, by digging deep into spreadsheets. Other times, employees almost forget about their grant, which means the motivational value of your equity is wasted. Not to mention that, if you’ve made a mistake in your records and an employee ultimately receives less than what they were promised, this could entail legal ramifications.
From there on, things only get more complicated, as any mistakes or oversights relating to your employee share plan, will inevitably compromise the accuracy of your cap table. This may very well mean you lose the comprehensive overview of capital structure necessary for making the best strategic choices for your company’s future; it might also mean you fail to make the best negotiations possible with investors, or damage your relationship with them by accidentally misinforming them. And, needless to say, mistakes of this type can cost a fortune on legal or accounting fees to fix, as well as precious company time.
But it doesn’t have to be this way.
Join us on 20 November at 10 a.m. for a webinar on how to make employee share plan management easier, faster and more accurate than ever before, using tomorrow’s technology today: Capdesk.
Capdesk is an innovative, state-of-the-art platform that offers a fast, flexible way to register and track employee shares and options. This includes a comprehensive suite of features, such as end-to-end grant execution as deeds, management of multiple employee share plans at once, option exercises, and live updates to employee vesting schedules as the company’s equity structure and valuations change.
Ben Bowes is passionate about scaling startups through selling visions and transforming the world through technology, communication and cooperation. After travelling the world and living in various countries, Ben joined Capdesk because he recognised the need for equity management software and wanted to help Capdesk achieve it's vision to democratise wealth.
Ben is also an avid Brazilian jiu-jitsu practitioner currently training at the world-renowned Roger Gracie Academy.