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    <loc>https://www.stockoptioncounsel.com/blog/startup-compensation-data-sources</loc>
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    <lastmod>2026-01-30</lastmod>
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      <image:title>Stock Option Counsel Blog - Startup Compensation Data Sources - Make it stand out</image:title>
      <image:caption>Negotiating startup salary and stock options or RSUs? These are links to market data that readers have found helpful. Photo by ThisIsEngineering.</image:caption>
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    <loc>https://www.stockoptioncounsel.com/blog/video-startup-sales-team-comp-data-in-betts-comp-engine</loc>
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    <lastmod>2025-07-22</lastmod>
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    <lastmod>2025-07-14</lastmod>
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  <url>
    <loc>https://www.stockoptioncounsel.com/blog/why-plan-for-taxes-for-startup-stock-options-startup-restricted-stock</loc>
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    <lastmod>2025-04-18</lastmod>
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  <url>
    <loc>https://www.stockoptioncounsel.com/blog/joining-a-startup-heres-the-secret-keys-to-startup-stock-options-restricted-stock-and-rsus</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-04-11</lastmod>
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      <image:title>Stock Option Counsel Blog - Joining a Startup? Here's the Secret Keys to Startup Stock Options, Restricted Stock and RSUs. - Make it stand out</image:title>
      <image:caption>Join me May 5-9 for Mapping the Secondary Market: Early Liquidity for Startup Employee Equity</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/2f5e00d9-6871-481e-9748-43fabee8f15b/Secondary+Market+Startup+Equity+Course.png</image:loc>
      <image:title>Stock Option Counsel Blog - Joining a Startup? Here's the Secret Keys to Startup Stock Options, Restricted Stock and RSUs. - Make it stand out</image:title>
      <image:caption>Join me May 5-9 for Mapping the Secondary Market: Early Liquidity for Startup Employee Equity</image:caption>
    </image:image>
    <image:image>
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      <image:title>Stock Option Counsel Blog - Joining a Startup? Here's the Secret Keys to Startup Stock Options, Restricted Stock and RSUs. - Make it stand out</image:title>
      <image:caption>Joining a Startup? Here's the Secret Keys of Startup Stock Options, Restricted Stock and RSUs.</image:caption>
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  <url>
    <loc>https://www.stockoptioncounsel.com/blog/startup-rsus-special-issues</loc>
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    <priority>0.5</priority>
    <lastmod>2024-09-11</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/startup-double-trigger-acceleration-clause-offer-letter</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2024-02-23</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/4aaaae29-8252-452f-9c47-6b693272c6c3/double+trigger+acceleration+clause+working+for+a+startup.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Startup Double Trigger Acceleration Clause Fine Print Details - Make it stand out</image:title>
      <image:caption>Working for a startup? Startup founders, executives and key hires often negotiate for Double Trigger Acceleration. This is the smart move to protect unvested shares from forfeiture at Change of Control. Not all Double Trigger Acceleration Clauses are created equal, though. The devil is in the details. Photo by Felix Mittermeier.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/joining-an-early-stage-startup-negotiateyour-equity-wisely-with-stock-option-counsel-tips/2014/2/12</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-12-11</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326503300-PTDKHAE8A8UGOWLCTOT4/seed-stage-startup-chances.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Joining an Early Stage Startup? Negotiate Your Startup Equity and Salary with Stock Option Counsel Tips</image:title>
      <image:caption>What are the chances of a seed-funded startup becoming a "unicorn" (here, defined as having 6 rounds of funding rather than the classic “unicorn” definition of a $1 billion valuation).</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326505116-SEWIIJHWB051S7RDNZVS/equityinacompanyfullydilutedcapital.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Joining an Early Stage Startup? Negotiate Your Startup Equity and Salary with Stock Option Counsel Tips</image:title>
      <image:caption>“Fully Diluted Capital” includes only issued shares and reserved shares. For an early stage startup, that would include founders shares, the option pool, and any preferred shares issued to investors in a priced round. It will not include shares to be issued upon conversion of SAFEs and convertible notes. Therefore, you will want to include some estimate for the conversion of those investments when you are understanding the percentage ownership in an early stage startup offer.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/why-do-startups-have-an-exponential-drop-off-in-equity-for-employees/2013/8/5</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-11-01</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326629484-PB913L2HMNO5R8MWMURP/image-asset.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - Am I an Employee or Founder???</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/the-one-percent-how-1-of-ruckus-wireless-at-series-a-became-17-million-at-ipo/2013/2/27</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-07-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/7b0d99db-471d-44c5-94eb-f9d27433ecb5/The+One+Percent.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - The One Percent: How 1% of Ruckus Wireless at Series A Became $1.7 million at IPO</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/video-negotiate-the-right-startup-stock-option-offer/2013/11/26</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-08-30</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/i-right-to-value-how-to-stock-option-counsel/2014/3/12</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-08-30</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/negotiating-equity-what-is-the-total-preference/2014/2/13</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-09-05</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326605265-47ET3JZMH3W68OSPVQX5/image-asset.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - Startup Negotiations: How Preferred Stock Makes Employee Stock Less Valuable</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/change-of-control-terms-for-startup-stock-options-restricted-stock-and-rsus/2018/6/4</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326525871-AHLFB03HJNKJMN9ZWM6I/Startup+Equity+%7C+Double+Trigger+Acceleration+%7C+Change+of+Control+Terms+for+Startup+Stock%2C+Options+and+RSUs</image:loc>
      <image:title>Stock Option Counsel Blog - Double Trigger Acceleration and Other Change of Control Terms for Startup Stock, Options and RSUs</image:title>
      <image:caption>What does double trigger acceleration mean? It protects unvested shares from cancellation in a change of control by immediately accelerating those shares if the individual is terminated as part of the change of control. Founders, executives and key hires, including employee-level hires at early stage startups, negotiate for Double Trigger Acceleration in their equity grant documents at the offer letter stage.</image:caption>
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  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/rsus-startup-restricted-stock-units-what-you-need-to-know/2014/2/10</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-08-03</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326545942-X5SQV2EF21VKJFBY850I/image-asset.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - RSUs - Restricted Stock Units - Evaluating an RSU Offer at a Startup</image:title>
      <image:caption>Working for a startup? Here’s how to think about Restricted Stock Units or RSUs.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/video-startup-stock-options-startup-valuation/2013/12/2</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-07-19</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/early-expiration-of-startup-stock-options-part-3-examples-of-good-startup-equity-design-by-company-stage/2017/8/11</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-23</lastmod>
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      <image:title>Stock Option Counsel Blog - Startup Stock Options | Post Termination Exercise Period | Examples of Good Startup Equity Design by Company Stage</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/early-expiration-of-startup-stock-options-part-2-the-full-10-year-term-solution/2017/3/28</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-23</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/cbf9bc79-fc44-4f52-9643-97690bc7b6a5/startup-stock-options.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Startup Stock Options | Post Termination Exercise Period | The Full 10-Year Term Solution - Make it stand out</image:title>
      <image:caption>Startup stock options often come with a standard 3 month-post termination exercise period. An option exercise extension can save you from a $1M problem. Photo by olia danilevich.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/nc7go8ivzxb1el5rhv6nltrjan0n2t/2017/3/6</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-23</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/80314ac1-63cb-4f6a-9c55-388e880d9acb/startup-stock-options-exercise.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Startup Stock Options - Post Termination Exercise Period - A $1 Million Problem - Make it stand out</image:title>
      <image:caption>Negotiating a startup stock option offer? An option exercise extension can save you from a $1M problem. Photo by Pixabay.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/vuxqe3bxh6proh6uephv9fjrs6nij0</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-05-09</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/evaluatingastartupoffer</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2022-12-30</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/part-3-faqs-on-the-menu-of-stock-option-exercise-strategies/2022/9/30</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-12</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/327b5bc9-baf6-4c0b-ae84-c2682d083b52/startupstockoptionexercisestrategiesFAQ.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Part 3: FAQs on the Menu of Startup Stock Option Exercise Strategies - Make it stand out</image:title>
      <image:caption>Wondering when to exercise stock options at a startup? Here's the menu of startup stock option exercise strategies including early exercise of stock options and extended post-termination exercise periods. Plan ahead to protect your equity stake. Photo by Kaboompics.com.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/the-myth-of-startup-employee-equity</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-07-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/8539eb48-8049-4558-8374-803e09b8e30f/startupequitycompensation.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - The Myth of Startup Employee Equity - Make it stand out</image:title>
      <image:caption>Working for a startup? Break through the myth of startup equity to make the most of your equity compensation offer. Photo by Startup Stock Photos.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/company-side-education-programs-on-startup-equity-feedback-from-newsletter-subscribers/2022/3/30</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-05-10</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/2a62418c-fa07-4617-a2f5-9b3163b2ecf2/howtonegotiatestockoptionsstartup.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Company-Side Education Programs on Startup Equity - Feedback from Newsletter Subscribers - Make it stand out</image:title>
      <image:caption>Here’s a quick primer on how to negotiate stock options or RSUs in a startup. It's up to individuals to educate and empower themselves when company-side education programs are lacking. Photo by Alena Darmel.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/request-for-feedback-what-makes-a-great-company-education-program-on-startup-employee-equity/2022/3/30</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2022-11-30</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/summer-2021-newsletter-stock-option-exercise-strategies/2021/8/30</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-05-08</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/part-2-choosing-a-startup-stock-option-exercise-strategy/2021/5/10</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-19</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/b9cd4f88-117c-4b4d-9b80-542f2dfda8b6/Stockoptionexercisestrategiesmenu.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Part 2: The Menu of  Startup Stock Option Exercise Strategies - Make it stand out</image:title>
      <image:caption>Wondering when to exercise stock options at a startup? Here's the menu of startup stock option exercise strategies including early exercise of stock options and extended post-termination exercise periods. Plan ahead to protect your equity stake. Photo by Ali Pazani.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/part-1-choosing-a-stock-option-exercise-strategy/2021/5/10</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-12</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/57e07e04-2239-49ec-8bd7-57bd8d8312ba/startupstockoptionexercise.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Part 1: Why You Need a Startup Stock Option Exercise Strategy - Make it stand out</image:title>
      <image:caption>Wondering when to exercise stock options at a startup? Here's the menu of startup stock option exercise strategies including early exercise of stock options and extended post-termination exercise periods. Plan ahead to protect your equity stake. Photo by Andrea Piacquadio.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/spac-wonderland-winter-newsletter-stock-option-counsel-pc/2021/1/12</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-05-08</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/part-ii-clawbacks-for-startup-stock-can-i-keep-what-i-think-i-own-examples/2017/3/17</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-23</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326549235-SCAPCVG45GYT6ZPAR48K/image-asset.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - Part 2 - Examples of a Clawback Clause for Startup Stock</image:title>
      <image:caption>Working for a startup? Learn how a clawback clause, forfeiture term or repurchase right limits the value of startup equity. Plan ahead to protect your equity stake.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/standards-ownership-canthecomanytakebackmyvestedshares</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-23</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326554770-7TQS872UHHPAS8DMMGQI/working-for-a-startup-clawback-clause-forfeiture-repurchase.jpg</image:loc>
      <image:title>Stock Option Counsel Blog - Clawback Clause for Startup Stock - Can I Keep What I think I Own?</image:title>
      <image:caption>Image from Babak Nivi of Venture Hacks, who warns startup founders and hires to “run screaming from” startup offers with a clawback clause for vested shares: “Founders and employees should not agree to this provision under any circumstances. Read your option plan carefully.”</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326556501-JMPWKAWT44GWHUGM2J6H/image-asset.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - Clawback Clause for Startup Stock - Can I Keep What I think I Own?</image:title>
      <image:caption>This is an example of a hypothetical early hire of Ruckus Wireless, which went public in 2012. It assumes that the company did not restrict executive or employee equity with repurchase rights or other clawbacks for vested shares. This person would have had the right to hold the shares until IPO and earn $1.7 million. If you want to see the working calculations, see this Google Sheet.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/62b1c2b66bb22a71fa1d3db7/1657326557406-9UL7O6O83NPA3KD7TJTM/image-asset.jpeg</image:loc>
      <image:title>Stock Option Counsel Blog - Clawback Clause for Startup Stock - Can I Keep What I think I Own?</image:title>
      <image:caption>In this hypothetical, the individual would have lost $1,635,054 in value if the shares were repurchased at their termination. If you want to see the working calculations, see this Google Sheet.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/early-exercising-startup-stock-options/2020/9/3</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-10-12</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/proposed-in-the-us-senate-changes-to-startup-employee-equity-taxation-ceo-and-worker-pension-fairness-act/2020/3/11</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-05-08</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/q4newsletter</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2023-05-08</lastmod>
  </url>
  <url>
    <loc>https://www.stockoptioncounsel.com/blog/silicon-valley-wins-big-with-tax-break-aimed-at-small-businesses-an-eight-figure-ipo-windfall-can-mean-a-zero-digit-tax-bill/2019/6/10</loc>
    <changefreq>monthly</changefreq>
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    <lastmod>2023-07-26</lastmod>
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