Length 2.5 pages. On page 16 of the magazine. A good education enables you to pick out the most important things to worry about.
Many firms barter equity in exchange for everything from salaries to legal services.
There's a new type of legal tender in the marketplace that's an outgrowth of the dot-com economy, and it's being used in nearly every type of industry from retailing to insurance. Companies are using their own stock or promise of stock instead of cash to pay for everything. From rent deposits to legal fees to headhunter fees, these deals have become a standard in the high-tech business. It's long been a practice for companies to use stock options as a means to attract and keep senior employees. But dot-com companies looking to get to market as soon as possible have learned to use equity as a valuable tool to solve a wide variety of pressing needs.