ZeV’s Reviews > An Engineer's Guide to Silicon Valley Startups, 3rd Edition > Status Update

e.g., secondmarket.com for the amount of outstanding shares.

Pre-excercise option for tax advantage.

"every round's lead investor usually sets the valuation of the company. The reality is that the internal valuation (as expressed by the stock option prices that new employees get) is usually set at 1/10th of the price that the previous lead investors got. The reason is that investors typically get preferred stock, while employees get common stock."