|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.
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.