Term Main definition
Offering Memorandum
See Private Placement Memorandum (PPM).
Option Pool

The number of shares of common stock (or equity interests) that are set aside for issuance upon the exercise of options or other equity-based incentives, to be granted by the board of directors in the future over a period of time (usually up to 10 years) to management and key employees (and perhaps others).

Option Reserve

See Option Pool.

Orphan
Expression for a start-up company that does not have a VC fund as an investor or stockholder.
Outstanding Shares
The number of shares of capital stock that have been issued and are in the hands of investors/stockholders.