Ops Rundown: Issue #025
Hello Operators! ????
It’s Halloween week, and while the startup world might not be handing out candy, there are still plenty of treats (and maybe a few tricks) to uncover.
Here's what's brewing:
Wiz co-founder and VP of R&D Roy Reznik told CNBC last week that the company has hit $500 million in annual recurring revenue, and plans to double that in 2025 to $1 billion. He also reiterated that the $1 billion-mark is a prerequisite for the IPO that Wiz promised employees when it walked away from acquisition talks with Google last summer at a $23 billion price tag.?
Remote already makes it easy for companies to work with talent all around the globe. However, stock option plans have remained a hurdle for startups with distributed teams.
Remote Equity essentially solves this by letting companies grant stock option plans to their international employees. These plans will be compliant with local rules in jurisdictions where Remote Equity is available, and companies won’t have to find lawyers local to their international employees to draft grant documentation.
For this product, Remote has roped in Carta as its first partner. Companies that use Carta to manage their cap table can draft and issue option grants in Carta and include international employees. Behind the scenes, Remote will generate the necessary legal documentation for additional jurisdictions, which will be available on Carta’s interface.
Carta has launched a new Partners Dashboard that gives Fund Administration customers firm-level visibility into their LP relationships. You can now group your LP investments, assign them custom tags, and see consolidated performance metrics (TVPI, IRR, DPI, etc…) and investment data (commitment amount, capital activity details, NAV, etc…) across all your LPs in your firm.
Are You Spending Your Time Where It Matters Most? Let’s Find Out.
We’re offering a free back-office and time audit to help you determine if you’re focusing on the areas that truly drive growth. Having worked with 240+ founders, we know how to identify high-ROI activities that unlock exponential growth.
It’s FREE—just one conversation (we promise, it’ll be fun??). Plus, you’ll walk away with a personalized report showing if you’re maximizing your most valuable asset: time.
Interested? Let’s Discuss
Q4 is in full swing, and Team Cocoon is busy building new functionality to take even more off your team’s plate. Learn more about how you can leverage two top-requested features, email visibility and employee SSO, as well as several smaller but impactful updates.
Because managing leave should not be the spookiest thing you encounter this October.
Need a reminder on when sales tax is due in November? We’re here to help. Find your state (or states) below to see your November 2024 sales tax due date.
P.S.: Would you rather not have sales tax on your founder plate? Let levy handle it for you - Get in touch
Irrespective of who you are (whether you’re a healthcare provider, contractor, or service professional), securing contracts with insurance companies provides a steady stream of clients, increases credibility, and ensures long-term growth.
Since insurance companies have strict requirements and standards, you must understand what they need and take the right approach to secure contracts.
Here's a step-by-step guide on how to position your business, create compelling proposals, and manage the contracting process to win and maintain contracts with insurance companies.
More News
Just for Fun
At levy, we help early-stage founders streamline and automate regulatory and legal ops, HR, and finance so you can focus on what matters most — your business.
Let levy streamline your processes, polish your compliance, and make you default-investable. Join the ranks of satisfied founders with levy - get started.