# fidelityprivateshares.com

> AI-optimized mirror of fidelityprivateshares.com containing 50 pages totalling 37,400 words of clean markdown content, structured data, and semantic HTML. Original source: https://fidelityprivateshares.com/. Last updated: 2026-04-30T20:48:24.093Z.

Each page is available as HTML (with JSON-LD structured data) and Markdown (text-only, ideal for LLMs and RAG).

## Homepage

- [site-root.html](/site-root.html) (1 words)

## Articles & Blog Posts

- [blog/the-startups-guide-to-safe-vs-convertible-note-vs-priced-round.html](/blog/the-startups-guide-to-safe-vs-convertible-note-vs-priced-round.html) (1 words)
- [Reviewing Your 409A Valuation Report: What Founders Should Look For](/blog/reviewing-your-409a-valuation-report-what-founders-should-look-for.html): Learn how to review your 409A valuation report to help ensure accuracy, defensibility, and alignment with your company's growth and strategic milestones. (1,222 words)
- [Intellectual Property Assignment Agreements](/blog/intellectual-property-assignment-agreements/index.html): For startups, clear ownership of intellectual property (IP) is imperative. Your company has to own all of the IP it relies on and on which you’ve built your business; it impacts the company valuation, and it determines how secure the company’s footing will be when a serious competitor comes along.  (806 words)
- [A Startup’s Guide to Non-Dilutive Funding: 3 Tips to Maximize Timeline, Runway and Revenue](/blog/a-startups-guide-to-non-dilutive-funding-3-tips-to-maximize-timeline-runway-and-revenue.html): Whether a non-dilutive financing event is two years or two weeks away, Fidelity Private Shares has built a guide to help you understand your options and best practices. No matter your company stage, this guide can be a primer, a refresher or simply a resource to pin to your bookmarks page for safekeeping: (1,365 words)
- [Ready to Fly: Going from LLC to Delaware C Corp](/blog/how-to-convert-llc-to-c-corp/index.html): Many LLCs realize they want to convert their business structure to a C corp, and this post demystifies the conversion process. We outline the steps needed to convert an LLC to a Delaware C Corp. (1,351 words)
- [Liquidation Preference: What Founders Need to Know](/blog/liquidation-preference-what-founders-need-to-know/index.html): Liquidation preference determines who gets paid, and when. It’s often an essential element of every equity financing deal — especially as private company leaders may likely face an uncertain fundraising market.  (1,130 words)
- [Four Founders From Fantasy and Science Fiction and What We Can Learn From Them](/blog/four-founders-from-fantasy-and-science-fiction-and-what-we-can-learn-from-them.html): Characters from Lord of the Rings, Game of Thrones, Star Wars, and Blade Runner have surprising lessons to teach us about entrepreneurship.  (1,134 words)
- [What every startup needs from a virtual automated data room](/blog/what-every-startup-needs-from-a-virtual-automated-data-room.html): A virtual data room is a secure, online location that houses your company’s sensitive foundational documents. When investors start the due diligence process, you’ll have everything you need in one place. Ideally, you can spend time refining your pitch and strategy, rather than hunting for important documents. (1,110 words)
- [private-companies/cap-table-management/index.html](/private-companies/cap-table-management/index.html) (1 words)
- [From Bold Questions to Big Shifts: Startup Boston Week Takeaways for Founders](/blog/from-bold-questions-to-big-shifts-startup-boston-week-takeaways-for-founders.html): Key takeaways for founders from Startup Boston Week, including insights on equity, fundraising, and strategic pivots from the journey of Unicorn in Every Stall. (684 words)
- [What You Need to Know About Stock Option Grants](/blog/stock-option-grants/index.html): Stock option grants allow an employer to grant their employees a financial stake in the success of their business -- here are some key points to know.  (1,077 words)
- [Down Rounds Don’t Have to Be Disastrous](/blog/down-rounds-dont-have-to-be-disastrous/index.html): Down rounds are becoming more common in the private company ecosystem in 2023. If you’re preparing for a down round — or considering one in this difficult market — you’re not alone.  (1,348 words)
- [Swords, Sorcery, & Startups: How Dungeons & Dragons Can Help You Create the Perfect Founding Team](/blog/swords-sorcery-startups-how-dungeons-dragons-can-help-you-create-the-perfect-founding-team.html): What can D&D teach us about creating a balanced startup team with diverse talents and experience capable of conquering the world? (862 words)
- [How Founders Can Build Community in San Francisco](/blog/how-founders-can-build-community-in-san-francisco/index.html): Discover how San Francisco's startup community thrives on genuine connections and intentional networking to foster growth and innovation. Learn more from Fidelity Private Shares. (1,375 words)
- [RSU vs. Stock Options: What founders need to know](/blog/rsu-vs-stock-options-what-founders-need-to-know.html): The RSU vs. stock options debate is a common one in startup circles. While stock options were originally the preferred employee incentive plan, restricted stock units (RSUs) are rising in popularity.   (1,152 words)
- [Understanding the Liquidation Stack: Participation and Preference](/blog/understanding-the-liquidation-stack-participation-and-preference.html): Participating liquidation preferences, caps, and seniority stacks shape payouts in a startup exit. See examples and tips from Fidelity Private Shares. (1,609 words)
- [ASC 718: Calculating Fair Value When Accounting for Options](/blog/what-are-my-companys-options-really-worth/index.html): This post will present a high level overview of the formula and inputs used to determine the fair value of your option grants when preparing the ASC 718 report.  (1,504 words)
- [Understanding Equity Financing Closings](/blog/understanding-equity-financing-closings/index.html): The term “closing” can mean different things in different industries, and this blog post covers what we mean by a startup closing an equity financing.
 (944 words)
- [What Happens If Your 409A Valuation Is Inaccurate?](/blog/what-happens-if-your-409a-valuation-is-inaccurate/index.html): Learn the risks of inaccurate 409A valuations and how to ensure compliance to avoid costly penalties and impress investors.

Main Point Summary:
Cutting corners on 409A valuations can lead to severe consequences, including IRS penalties and investor mistrust. Ensure compliance by using certified appraisers and thorough methodologies to protect your startup's future. (955 words)
- [Qualified Small Business Stock Exclusion: Considerations for Private Companies](/blog/qualified-small-business-stock-exclusion-considerations-for-private-companies.html): The qualified small business stock exclusion is an IRS provision that represents a potentially massive win for founders and early employees of private companies.  (873 words)
- [Goodbye Old-Fashioned Due Diligence—Hello Friday Nights!](/blog/automating-traditional-due-diligence/index.html): A VC wants to give this startup $2 million. But they’ll only write the check if you do a legal due diligence first and email them a legal opinion. In Shoobx, hours of due diligence work becomes a few minutes. (962 words)
- [Howell Legal Streamlines Client Collaboration](/resources/case-studies/howell-legal/index.html): Howell Legal streamlines client collaboration. Facing hurdles that law firms often have to navigate when working with startups is efficiency and scalability. (868 words)
- [Why Stock Is Going Paperless, and Why You Should Too](/blog/e-certificates/index.html): Electronic stock certificates (a.k.a. paperless stock certificates) are secure, easy to manage, and widely accepted. Learn about going paperless here. (778 words)
- [Employer ID Numbers: What Are They, and How Do I Get One?](/blog/what-is-employer-id-numbers/index.html): Applying for an Employer Identity Number if applicable is one of the many important post-incorporation steps for managing your company. To put it simply, if you are a corporation or have employees you will need to get one. (962 words)
- [Shoobx Nominated for Startup of the Year and Founder of the Year for Startup Boston's Community Awards](/blog/shoobx-startup-boston-community-awards-finalist/index.html): Shoobx has been nominated for both Startup of the Year and Founder of the Year (Jason Furtado) as part of Startup Boston's Community Awards. (638 words)
- [Founder's Guide: What is Fair Market Value (FMV) and why does it matter?](/blog/a-founders-guide-to-fair-market-value-fmv/index.html): How do you calculate FMV? Why is it important for growing companies? Where can you go to value your shares?
Read on to answer all of your questions on fair market value. (1,013 words)
- [The 411 On Stockholder Communications: Stockholder Consent & 228 Notices](/blog/the-411-on-stockholder-communications-stockholder-consent-228-notices.html): Some company actions require stockholder approval before they can go into effect. Here are a few of the corporate actions for which you need consent. (799 words)
- [Company Share Repurchase Windows: Don’t Let Your Employees Walk Away With More Shares Than They Have Earned](/blog/company-share-repurchase-windows/index.html): If a startup does not understand company repurchase windows and forgets to repurchase during the rapidly passing window of time that it is allowed to repurchase shares, then employees can walk away with more shares than they’ve earned and there’s absolutely nothing the company can do about it. (723 words)
- [Shoobx To Further Empower Entrepreneurs Through Open Cap Table Coalition](/blog/shoobx-to-further-empower-entrepreneurs-through-open-cap-table-coalition.html): Shoobx’s membership in the Open Cap Table Coalition helps startups improve the interoperability, financial transparency, and data portability of their cap table. 

 (796 words)
- [California’s Senate Bill 54: Diversity in Venture Capital Funding](/blog/californias-senate-bill-54-diversity-in-venture-capital-funding.html): In October of 2023, Governor Gavin Newsom signed California Senate Bill 54 into law. This legislation, which will take effect in March of 2025, mandates that all VCs in the state provide annual reports on the founders their firms are backing. (658 words)
- [An Overview of the Delaware Franchise Tax](/blog/an-overview-of-the-delaware-franchise-tax/index.html): Being a Delaware corporation also comes with franchise tax liability, each and every year. 
 (781 words)
- [Getting Yourself an Intern!](/blog/factors-to-consider-when-hiring-an-intern/index.html): If you want/need/dream about hiring an intern, the fundamental question to ask is whether the company will be paying the intern. If your answer is “of course we’ll pay them” then you’ll avoid the big risks that can go with unpaid interns. We explore the legal obligations of hiring an intern. (977 words)
- [Why Do So Many Companies Incorporate in Delaware?](/blog/why-do-so-many-companies-incorporate-in-delaware/index.html): Any company can incorporate in any state. So, with 50 states to choose from, why did over 150,000 new businesses incorporate in Delaware in 2013? (423 words)
- [Dilution Decoded - An Infographic](/blog/what-is-dilution/index.html): The basic concept of dilution for startups is simple: As you grant equity in your company, your ownership percentage will go down. Why does this happen? We explore how dilution happens and its potential effects. (320 words)
- [Investors](/investors/index.html): Fidelity Private Shares streamlines equity financing for portfolio companies, delivering seamless transaction management and cost-effective solutions from term sheet to closing. (481 words)
- [Finding the Right Startup Lawyer: Tips from An Attorney](/blog/finding-the-right-startup-lawyer-tips-from-an-attorney.html): Startups can improve their relationship with their law firm by understanding the basics of equity management, and their attorney’s point of view. (1,030 words)
- [One Step Power](/resources/client-spotlights/one-step-power/index.html): OneStep Power Solutions provides safe, reliable, and repeatable power system testing for vessels. (517 words)
- [The Dirt on Authorized and Issued Shares - An Infographic](/blog/difference-between-authorized-and-issued-shares/index.html): The jungle of financial lingo and legal jargon can disorient even the savviest entrepreneur. One patch that often trips up new business owners is the difference between a company’s authorized shares and its issued shares. We explore the differences and their implications. (326 words)
- [Investor Readiness Part One: Are you investor ready?](/blog/investor-readiness-part-one-are-you-investor-ready/index.html): In order to garner interest from investors and venture firms, there are many critical areas to cover as you’re preparing for an upcoming financing event. (405 words)
- [Free Investor Update Email Template](/resources/investor-update-email-template/index.html): Download our free investor update template to build trust, attract funding, and strengthen your leadership reputation while saving time on communications. (175 words)
- [Guide for Mid-Stage Companies](/resources/guides/how-to-evolve-equity-compensation-strategies-for-growing-startups.html): This guide covers how to evolve your equity compensation strategies to retain talent and attract new employees as your startup scales through Series B and C. (242 words)
- [Davis Grahm & Stubbs](/resources/early-stage-service-providers/davis-graham-stubbs/index.html): Davis Graham & Stubbs (DGS) lawyers have extensive experience working with companies in the energy, mining, technology, hospitality, private equity, manufacturing, asset management, aviation, and health care industries. (500 words)
- [Par Value: More Than Zero](/blog/why-set-par-value-more-than-zero/index.html): Par value is the lowest amount for which a share of stock can be sold by the company according to applicable state law. Learn more about why setting a par value of zero can lead to trouble. (573 words)
- [THEMAGIC5](/resources/client-spotlights/themagic5/index.html): THEMAGIC5 delivers custom fitted Swimming Goggles. Every face is different and other swimming goggles are only one size fits all. (441 words)
- [Integrations](/integrations/index.html): Streamline your day-to-day operations by integrating your systems with Fidelity Private Shares. Explore integrations now. (97 words)
- [The 2024 Climate Tech Report](/resources/guides/2024-climate-tech-report/index.html): This comprehensive report dives into the latest trends, innovations, and market dynamic shaping the climate technology sector. Get the free report! (155 words)
- [Free Investor Pitch Deck Template](/investor-pitch-deck-template-free-download-fidelity-private-shares.html): Create a clear and compelling investor pitch deck with our free template, designed to help you effectively communicate your business story and attract funding. (164 words)
- [Calculating Percentage of Ownership: Hooray for New Math!](/blog/how-to-calculate-company-ownership/index.html): Let’s say you own one million shares of a startup company. (Good for you. Yay, you!) So what is your ownership percentage in the company? (863 words)
- [Top Venture Capital Trends Startups Should Watch in 2026](/top-venture-capital-trends-startups-should-watch-report.html): This report offers a practical playbook to help mid-stage startups thrive in a changing market in 2026. (229 words)

## Resources

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