409A – Tying Up Loose Ends

This is our last post on 409A until the IRS issues more guidance or accepts some of the comments it has received during the comment period. In other words, we

December 28, 2005 · 3 min · Brad Feld

409A – Mythbusters

Perhaps the only upside to the 409A panic in the start up world has been some of the urban legends that have already popped up. Jason and I aren’t your

December 27, 2005 · 3 min · Brad Feld

409A – IRS Update – Maybe The Sky Isn't Falling

On Friday, Jason and I received an early Festivus / Hanumas gift from an attorney who asked to remain nameless, but we thank him nevertheless. He clued us in to

December 26, 2005 · 2 min · Brad Feld

409A – Fixes, Glitches and Hitches

An inevitable question to ask is “okay, the valuation firm came back and said the FMV of the last option grants should have been $.25 and the grant price was

December 26, 2005 · 3 min · Brad Feld

National Venture Capital Association Comments on 409A

Every VC’s friendly neighborhood trade association (the NVCA – National Venture Capital Association) just submitted an extensive and comprehensive comment letter on 409A to the IRS.

December 22, 2005 · 1 min · Brad Feld

409A – An Example

While we’ll be spending plenty of time talking about 409A in the abstract, Jason and I thought we’d give you a real life example of the analysis for one of

December 18, 2005 · 2 min · Brad Feld

409A – The Valuation Process

You may ask yourself “why are Brad and Jason so hung up on 409A – it just seems like yet another accounting thing my CFO is going to have to

December 18, 2005 · 6 min · Brad Feld

Dilbert and Venture Capital

I’m sure I have to pay someone to put this up on my blog legally. Thanks njschock – nice use of the for:bfeld del.icio.us tag.

December 16, 2005 · 1 min · Brad Feld

409A Haiku

This just in from Matt Blumberg, a CEO of one of my portfolio companies that is enjoying pondering what to do about 409A. She’s real fine?Or tile cleaning fluid?No –

December 12, 2005 · 1 min · Brad Feld

409A – Government Maximus Interruptus

IRS Regulation 409A really sucks. While I’m probably now on some audit watch list as a result of speaking my mind, there really isn’t any other way to state it. Jason Mendelson [

December 12, 2005 · 3 min · Brad Feld