Glossary

Entrepreneur In Residence

An entrepreneur in residence (EIR) is traditionally a position that resides (works) at a venture capitalist firm.
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This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.

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Preferred Shares
Preferred shares or "preferred stock" are so called because they give their owners a priority claim whenever a company pays dividends or distributes assets to shareholders.
Option Pool
A reserved number of shares set aside for future issuance to employees, advisors, and other service providers as part of an equity incentive plan.
Post-Money Valuation
Post-money valuation refers to a company’s implied value after raising capital. The term is typically used in angel investing and venture capital parlance.

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