After that, you're ready to grant options. Once your Equity Plan is set up according to the instructions above, you'll need to configure your grant document templates. How do I grant options through AngelList? Once invited, board members will get an invite to sign and approve the plan within AngelList. If you selected to have your attorney review before signature, you'll see that as Step 2 before sending e-sign requests to board members. Once the exhibits have been added, go back to the Overview page and review the remaining action steps. Click New and fill out the form with the necessary information. To attach exhibits to the consent (such as a 409A valuation), click into the Board Consent, and select Exhibits. Fill out the form with necessary information and submit.
To create a Board Consent, navigate to Legal > Board Consents and click New Board Consent > Generate using template. You can loop in your law firm or add it yourself by clicking New Board Consent > Upload executed consents.īefore creating a Board Consent, make sure you've added relevant board members and employees who will be receiving the grant to the platform. If your attorney already created a Board Consent for your Equity Plan, upload the Board Consent by navigating to Legal > Board Consents. What board consents do I need for an Equity Plan? How can I create or upload them? Once your plan has been created and you've created a share class,you can add your new equity plan and configure the plan options. Let them know that AngelList sent you or email us at for an introduction. If you need an introduction to a trusted attorney, check out an AngelList curated list here. To create an Equity Plan, you'll need to work with legal counsel. How do I create and implement an Equity Plan? Configure your grant document templates.įor detailed directions on each step, continue reading below.Ensure that all relevant employees have been added to AngelList.Ensure that all relevant board consents have been signed for board members.Create an equity plan with your lawyer and add it to AngelList.To grant options to employees, you need to: You should consult legal counsel before creating an equity plan or option pool. Using the Add button on the top right, select Add existing SAFE.įill out the form with the necessary information and upload relevant documents.įor future SAFEs, check out the on-platform SAFE generator. To upload previously signed SAFEs or other investment documents which differ from the standard YC SAFE, add all your investors as shareholders (both individuals and entities) then navigate to Equity > Securities > Convertibles. How do I add previous investment documents? The share certificate will also be available for view in the shareholder dashboard. The equity admin will be able to countersign, after which point the shares will be active and reflected on the cap table. This will invite the shareholder to review and sign their share certificate.
If this is a share certificate that has not yet been issued, click into the share and select Issue (in the grey box). You can choose to add one share at a time or add multiple shares via a bulk upload.įill out the form with the necessary information and upload the certificate documents at the bottom. Navigate to Equity > Securities > Shares and click Add New on the top right. Once the shareholder has been added, you can upload shared documents, preview their dashboard, and send them an invite email. To add one shareholder at a time, select Add Shareholder and complete the form. You can choose to add shareholders one at a time or as a bulk upload. Navigate to Equity > Stakeholders and click on Add New. Navigate to Equity > Securities > Share Classes and select New on the top right.įill out the form with the necessary information. How do I create a share class in AngelList Equity? Make sure you've taken the legal steps to create a share class and issue equity before recording them in AngelList Equity. Adding a new share class or security on AngelList Equity is not the equivalent of legally forming a new share class or legally issuing equity.
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