preparing for an ipo - shareworks
TRANSCRIPT
Preparing for an IPO: Equity Compensation q y pMilestonesJuly 2, 2014
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The Shareworks PlatformThe Shareworks Platform
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Our expertsOur experts
Jeremy WrightJeremy WrightSVP, Product
Matt LeeDirector, Scenarios
Erin BarberImplementations SpecialistImplementations Specialist
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For discussionFor discussion
• IPO milestonesIPO milestones• The Shareworks platform• How Shareworks can help• How Shareworks can help
• Cap TableS i• Scenarios
• Expense Accounting & Plan Admin• Participant Experience
• The IPO and Beyond
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IPO MilestonesIPO Milestones
Pre‐IPO
M&A Ready
Things are getting more seriousReassess award process
Expense Accounting
Pre IPO
R701 Analysis$100K limit checks
ReadyExpense AccountingSell vs go public? (Scenarios)
Startup
2 l i f
Growth Stage
2 people in a garage form a companyCreate a ‘cap table’Start new comedy show on HBO
Large cash inflows (Scenarios)Start hiring processAttract and retain talentGrant options and RSUs
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Grant options and RSUs
The Shareworks PlatformThe Shareworks Platform
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Cap TableCap Table
• Milestone – Incorporationp• Challenges
• Keeping a single, accurate record of ownership registerregister
• Sharing with stakeholders inside and outside the company
• Having confidence in your reports
How does Shareworks Cap Table help?p
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ScenariosScenarios
• Milestone - 1st round financingMilestone 1 round financing• Challenges
• How security types impact payouts• How security types impact payouts• Merger vs. IPO: what’s the impact?
M d li i l b h ll i• Modeling in excel can be challenging
H d Sh kHow does ShareworksScenarios help?
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Plan Admin & Expense AccountingPlan Admin & Expense Accounting
• Milestone - granting of optionsg g p• Challenges
• Details to track on various participantsp p• Award information also has complex details• Once public, this data being inaccurate has
REAL financial consequences
How does ShareworksPlan Admin help?
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Plan Admin & Expense AccountingPlan Admin & Expense Accounting
• Milestone – expense reporting p p g• Challenges
• Financial reporting is difficult for ANY p gcompany
• Dealing with more frequent disclosure h d l d d d ft IPOschedules and demands after IPO
• Much greater auditor scrutiny
How does ShareworksE A ti h l ?Expense Accounting help?
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Participant ExperienceParticipant Experience
• Milestone – Employee Hiring and Retention• Challenges
• Clear, consolidated picture of ownership and t t di doutstanding awards
• 24/7 access to real-time information• Online transaction and trades post IPOOnline transaction and trades post IPO
How does ShareworksHow does ShareworksParticipant Experience help?
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The IPO and BeyondThe IPO and Beyond
Considerations beyond the IPO?Considerations beyond the IPO?• Section 16 Forms Filing• HRIS feeds (like Workday)• HRIS feeds (like Workday)• Regulatory and tax• Tax mobility
“The road to profitability will be difficult without strong fundamentals”
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Questions & Next StepsQuestions & Next Steps
Jeremy Wright Erin BarberSVP, Product Implementations [email protected] [email protected]
Matt Lee To request a product tour:Director, Scenarios [email protected]
l @ li [email protected] www.solium.com
Thank you for your time!
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