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1c37325 | 1 | {"text": " To be able to calculate the number of options for each employee, you need your financial projections. Recall our X by Y formula. If we intend to pass on a benefit of $100 over 4 years, and if each equity share provides a profit of $20, then we would need to grant 5 options to deliver the intended benefit of $100. Now to do these calculations, you need your financial projections. You could either make them yourself or take the assistance of your financial advisor or investor. But you need to pay attention to the implications of your financial projections on the number of stock options you will decide to grant. Let us say you wish to provide an intended benefit of $100,000 to an employee in 4 years. When you think about value created for the purpose of stock options, this is what you're asking yourself. By how much should the company value increase for the intended benefit of $100,000 to be justified to that employee? Should the employee make $100,000 as stock options profit, even if the company value does not increase at all? Should the employee make $100,000 as profit, only when the company increases in value to a billion dollars? Here you need to consider what is reasonable. If you do see a reasonable increase in the equity value, then the employee must also make a reasonable profit. Scribble a few numbers on a page as you listen to this. If your financial projections show the current share price at $20 and the share price after 4 years at $100,020, that's $100,000 to $0,000. Because let's say your company is worth a billion dollars, well then the profit for each share over 4 years would be $100,000. And since your intended benefit is also $100,000, you would conclude that you only need to grant that employee a single stock option, because each share would give them a profit of $100,000. They would really need only one share to be able to make the intended benefit of $100,000. You need to be careful when you make assumptions in your financial projections, because if you consider very optimistic numbers in your projections and decide the number of options based off those projections, then the employee may end up making almost nothing, even if you grew by a reasonable amount over 4 years. So to keep it reasonable you could say that the employee should make an intended benefit of $100,000. If the share price were to grow from $20 to say $200 or $300 or $500, which is still a growth of 10x, 15x or 25x in 4 years. If you consider an approximate profit per share of $500 in 4 years, for an intended benefit of $100,000, you would need to grant them 200 options, 100,000 divided by 500, rather than granting them only one option in the case of highly optimistic projections. Now we are not saying that you have to pair your ambitions down. What we are saying is, don't plan your stock options numbers on the basis of a moon projection. Plan them on the basis of something reasonable. So if there is a reasonable value creation, the team also makes a reasonable profit, which is fair, which automatically means that should there be an unreasonably high value creation, the team would also make an unreasonably high profit, which is exactly how it should be. So work on average reasonable projections and not highly optimistic projections when you calculate the number of options per employee. Time for the moon, sure. But ensure that should you reach only the top floor of a skyscraper, your team is still rewarded appropriately. When you plan the option numbers as per the skyscraper, but end up reaching the moon, then every stock option recipient will be over the moon too. So be careful when defining these projections. Talk it over with your advisors in detail. This is very, very crucial since this affects the number of options you would give to your team members today. You could have one set of projections as your dream numbers and another set to decide the stock option grants. Team motivation is very important, so get that right.", "segments": [{"id": 0, "seek": 0, "start": 0.0, "end": 7.18, "text": " To be able to calculate the number of options for each employee, you need your financial", "tokens": [50363, 1675, 307, 1498, 284, 15284, 262, 1271, 286, 3689, 329, 1123, 6538, 11, 345, 761, 534, 3176, 50722], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 1, "seek": 0, "start": 7.18, "end": 8.620000000000001, "text": " projections.", "tokens": [50722, 19887, 13, 50794], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 2, "seek": 0, "start": 8.620000000000001, "end": 11.28, "text": " Recall our X by Y formula.", "tokens": [50794, 44536, 674, 1395, 416, 575, 10451, 13, 50927], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 3, "seek": 0, "start": 11.28, "end": 16.92, "text": " If we intend to pass on a benefit of $100 over 4 years, and if each equity share provides", "tokens": [50927, 1002, 356, 14765, 284, 1208, 319, 257, 4414, 286, 720, 3064, 625, 604, 812, 11, 290, 611, 1123, 13598, 2648, 3769, 51209], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 4, "seek": 0, "start": 16.92, "end": 22.62, "text": " a profit of $20, then we would need to grant 5 options to deliver the intended benefit", "tokens": [51209, 257, 7630, 286, 720, 1238, 11, 788, 356, 561, 761, 284, 7264, 642, 3689, 284, 5203, 262, 5292, 4414, 51494], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 5, "seek": 0, "start": 22.62, "end": 24.560000000000002, "text": " of $100.", "tokens": [51494, 286, 720, 3064, 13, 51591], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 6, "seek": 0, "start": 24.560000000000002, "end": 28.98, "text": " Now to do these calculations, you need your financial projections.", "tokens": [51591, 2735, 284, 466, 777, 16765, 11, 345, 761, 534, 3176, 19887, 13, 51812], "temperature": 0.0, "avg_logprob": -0.16196610003101583, "compression_ratio": 1.7162162162162162, "no_speech_prob": 0.1356823444366455}, {"id": 7, "seek": 2898, "start": 28.98, "end": 33.34, "text": " You could either make them yourself or take the assistance of your financial advisor or", "tokens": [50363, 921, 714, 2035, 787, 606, 3511, 393, 1011, 262, 6829, 286, 534, 3176, 20685, 393, 50581], "temperature": 0.0, "avg_logprob": -0.1477566659450531, "compression_ratio": 1.6454183266932272, "no_speech_prob": 0.04220078885555267}, {"id": 8, "seek": 2898, "start": 33.34, "end": 35.1, "text": " investor.", "tokens": [50581, 15811, 13, 50669], "temperature": 0.0, "avg_logprob": -0.1477566659450531, "compression_ratio": 1.6454183266932272, "no_speech_prob": 0.04220078885555267}, {"id": 9, "seek": 2898, "start": 35.1, "end": 41.36, "text": " But you need to pay attention to the implications of your financial projections on the number", "tokens": [50669, 887, 345, 761, 284, 1414, 3241, 284, 262, 10939, 286, 534, 3176, 19887, 319, 262, 1271, 50982], "temperature": 0.0, "avg_logprob": -0.1477566659450531, "compression_ratio": 1.6454183266932272, "no_speech_prob": 0.04220078885555267}, {"id": 10, "seek": 2898, "start": 41.36, "end": 45.78, "text": " of stock options you will decide to grant.", "tokens": [50982, 286, 4283, 3689, 345, 481, 5409, 284, 7264, 13, 51203], "temperature": 0.0, "avg_logprob": -0.1477566659450531, "compression_ratio": 1.6454183266932272, "no_speech_prob": 0.04220078885555267}, {"id": 11, "seek": 2898, "start": 45.78, "end": 52.5, "text": " Let us say you wish to provide an intended benefit of $100,000 to an employee in 4 years.", "tokens": [51203, 3914, 514, 910, 345, 4601, 284, 2148, 281, 5292, 4414, 286, 720, 3064, 11, 830, 284, 281, 6538, 287, 604, 812, 13, 51539], "temperature": 0.0, "avg_logprob": -0.1477566659450531, "compression_ratio": 1.6454183266932272, "no_speech_prob": 0.04220078885555267}, {"id": 12, "seek": 2898, "start": 52.5, "end": 57.2, "text": " When you think about value created for the purpose of stock options, this is what you're", "tokens": [51539, 1649, 345, 892, 546, 1988, 2727, 329, 262, 4007, 286, 4283, 3689, 11, 428, 318, 644, 345, 821, 51774], "temperature": 0.0, "avg_logprob": -0.1477566659450531, "compression_ratio": 1.6454183266932272, "no_speech_prob": 0.04220078885555267}, {"id": 13, "seek": 5720, "start": 57.2, "end": 59.36, "text": " asking yourself.", "tokens": [50363, 4737, 3511, 13, 50471], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 14, "seek": 5720, "start": 59.36, "end": 65.8, "text": " By how much should the company value increase for the intended benefit of $100,000 to be", "tokens": [50471, 2750, 703, 881, 815, 262, 1664, 1988, 2620, 329, 262, 5292, 4414, 286, 720, 3064, 11, 830, 284, 307, 50793], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 15, "seek": 5720, "start": 65.8, "end": 69.62, "text": " justified to that employee?", "tokens": [50793, 14460, 284, 326, 6538, 30, 50984], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 16, "seek": 5720, "start": 69.62, "end": 75.28, "text": " Should the employee make $100,000 as stock options profit, even if the company value does not", "tokens": [50984, 10358, 262, 6538, 787, 720, 3064, 11, 830, 355, 4283, 3689, 7630, 11, 772, 611, 262, 1664, 1988, 857, 407, 51267], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 17, "seek": 5720, "start": 75.28, "end": 77.60000000000001, "text": " increase at all?", "tokens": [51267, 2620, 379, 477, 30, 51383], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 18, "seek": 5720, "start": 77.60000000000001, "end": 83.04, "text": " Should the employee make $100,000 as profit, only when the company increases in value to", "tokens": [51383, 10358, 262, 6538, 787, 720, 3064, 11, 830, 355, 7630, 11, 691, 618, 262, 1664, 5732, 287, 1988, 284, 51655], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 19, "seek": 5720, "start": 83.04, "end": 85.52000000000001, "text": " a billion dollars?", "tokens": [51655, 257, 2997, 5054, 30, 51779], "temperature": 0.0, "avg_logprob": -0.15865759319729275, "compression_ratio": 1.8238341968911918, "no_speech_prob": 0.09433344006538391}, {"id": 20, "seek": 8552, "start": 85.52, "end": 89.16, "text": " Here you need to consider what is reasonable.", "tokens": [50363, 3423, 345, 761, 284, 2074, 644, 318, 6397, 13, 50545], "temperature": 0.0, "avg_logprob": -0.16208977312655062, "compression_ratio": 1.6344086021505377, "no_speech_prob": 0.18649424612522125}, {"id": 21, "seek": 8552, "start": 89.16, "end": 94.8, "text": " If you do see a reasonable increase in the equity value, then the employee must also make", "tokens": [50545, 1002, 345, 466, 766, 257, 6397, 2620, 287, 262, 13598, 1988, 11, 788, 262, 6538, 1276, 635, 787, 50827], "temperature": 0.0, "avg_logprob": -0.16208977312655062, "compression_ratio": 1.6344086021505377, "no_speech_prob": 0.18649424612522125}, {"id": 22, "seek": 8552, "start": 94.8, "end": 97.92, "text": " a reasonable profit.", "tokens": [50827, 257, 6397, 7630, 13, 50983], "temperature": 0.0, "avg_logprob": -0.16208977312655062, "compression_ratio": 1.6344086021505377, "no_speech_prob": 0.18649424612522125}, {"id": 23, "seek": 8552, "start": 97.92, "end": 102.56, "text": " Scribble a few numbers on a page as you listen to this.", "tokens": [50983, 44469, 903, 257, 1178, 3146, 319, 257, 2443, 355, 345, 6004, 284, 428, 13, 51215], "temperature": 0.0, "avg_logprob": -0.16208977312655062, "compression_ratio": 1.6344086021505377, "no_speech_prob": 0.18649424612522125}, {"id": 24, "seek": 8552, "start": 102.56, "end": 108.8, "text": " If your financial projections show the current share price at $20 and the share price after", "tokens": [51215, 1002, 534, 3176, 19887, 905, 262, 1459, 2648, 2756, 379, 720, 1238, 290, 262, 2648, 2756, 706, 51527], "temperature": 0.0, "avg_logprob": -0.16208977312655062, "compression_ratio": 1.6344086021505377, "no_speech_prob": 0.18649424612522125}, {"id": 25, "seek": 10880, "start": 108.8, "end": 117.0, "text": " 4 years at $100,020, that's $100,000 to $0,000.", "tokens": [50363, 604, 812, 379, 720, 3064, 11, 33618, 11, 326, 338, 720, 3064, 11, 830, 284, 720, 15, 11, 830, 13, 50773], "temperature": 0.0, "avg_logprob": -0.14823029342206936, "compression_ratio": 1.6441441441441442, "no_speech_prob": 0.38625016808509827}, {"id": 26, "seek": 10880, "start": 117.0, "end": 121.47999999999999, "text": " Because let's say your company is worth a billion dollars, well then the profit for", "tokens": [50773, 4362, 1309, 338, 910, 534, 1664, 318, 2861, 257, 2997, 5054, 11, 880, 788, 262, 7630, 329, 50997], "temperature": 0.0, "avg_logprob": -0.14823029342206936, "compression_ratio": 1.6441441441441442, "no_speech_prob": 0.38625016808509827}, {"id": 27, "seek": 10880, "start": 121.47999999999999, "end": 126.36, "text": " each share over 4 years would be $100,000.", "tokens": [50997, 1123, 2648, 625, 604, 812, 561, 307, 720, 3064, 11, 830, 13, 51241], "temperature": 0.0, "avg_logprob": -0.14823029342206936, "compression_ratio": 1.6441441441441442, "no_speech_prob": 0.38625016808509827}, {"id": 28, "seek": 10880, "start": 126.36, "end": 132.6, "text": " And since your intended benefit is also $100,000, you would conclude that you only need to grant", "tokens": [51241, 843, 1201, 534, 5292, 4414, 318, 635, 720, 3064, 11, 830, 11, 345, 561, 13796, 326, 345, 691, 761, 284, 7264, 51553], "temperature": 0.0, "avg_logprob": -0.14823029342206936, "compression_ratio": 1.6441441441441442, "no_speech_prob": 0.38625016808509827}, {"id": 29, "seek": 10880, "start": 132.6, "end": 138.16, "text": " that employee a single stock option, because each share would give them a profit of $100,000.", "tokens": [51553, 326, 6538, 257, 2060, 4283, 3038, 11, 780, 1123, 2648, 561, 1577, 606, 257, 7630, 286, 720, 3064, 11, 830, 13, 51831], "temperature": 0.0, "avg_logprob": -0.14823029342206936, "compression_ratio": 1.6441441441441442, "no_speech_prob": 0.38625016808509827}, {"id": 30, "seek": 13816, "start": 138.16, "end": 145.0, "text": " They would really need only one share to be able to make the intended benefit of $100,000.", "tokens": [50363, 1119, 561, 1107, 761, 691, 530, 2648, 284, 307, 1498, 284, 787, 262, 5292, 4414, 286, 720, 3064, 11, 830, 13, 50705], "temperature": 0.0, "avg_logprob": -0.07871075736151802, "compression_ratio": 1.6571428571428573, "no_speech_prob": 0.025433745235204697}, {"id": 31, "seek": 13816, "start": 145.0, "end": 149.84, "text": " You need to be careful when you make assumptions in your financial projections, because if", "tokens": [50705, 921, 761, 284, 307, 8161, 618, 345, 787, 14895, 287, 534, 3176, 19887, 11, 780, 611, 50947], "temperature": 0.0, "avg_logprob": -0.07871075736151802, "compression_ratio": 1.6571428571428573, "no_speech_prob": 0.025433745235204697}, {"id": 32, "seek": 13816, "start": 149.84, "end": 155.0, "text": " you consider very optimistic numbers in your projections and decide the number of options", "tokens": [50947, 345, 2074, 845, 16915, 3146, 287, 534, 19887, 290, 5409, 262, 1271, 286, 3689, 51205], "temperature": 0.0, "avg_logprob": -0.07871075736151802, "compression_ratio": 1.6571428571428573, "no_speech_prob": 0.025433745235204697}, {"id": 33, "seek": 13816, "start": 155.0, "end": 161.07999999999998, "text": " based off those projections, then the employee may end up making almost nothing, even if", "tokens": [51205, 1912, 572, 883, 19887, 11, 788, 262, 6538, 743, 886, 510, 1642, 2048, 2147, 11, 772, 611, 51509], "temperature": 0.0, "avg_logprob": -0.07871075736151802, "compression_ratio": 1.6571428571428573, "no_speech_prob": 0.025433745235204697}, {"id": 34, "seek": 13816, "start": 161.07999999999998, "end": 165.12, "text": " you grew by a reasonable amount over 4 years.", "tokens": [51509, 345, 6348, 416, 257, 6397, 2033, 625, 604, 812, 13, 51711], "temperature": 0.0, "avg_logprob": -0.07871075736151802, "compression_ratio": 1.6571428571428573, "no_speech_prob": 0.025433745235204697}, {"id": 35, "seek": 16512, "start": 165.12, "end": 169.52, "text": " So to keep it reasonable you could say that the employee should make an intended benefit", "tokens": [50363, 1406, 284, 1394, 340, 6397, 345, 714, 910, 326, 262, 6538, 815, 787, 281, 5292, 4414, 50583], "temperature": 0.0, "avg_logprob": -0.12889241135638693, "compression_ratio": 1.5665024630541873, "no_speech_prob": 0.20310160517692566}, {"id": 36, "seek": 16512, "start": 169.52, "end": 171.6, "text": " of $100,000.", "tokens": [50583, 286, 720, 3064, 11, 830, 13, 50687], "temperature": 0.0, "avg_logprob": -0.12889241135638693, "compression_ratio": 1.5665024630541873, "no_speech_prob": 0.20310160517692566}, {"id": 37, "seek": 16512, "start": 171.6, "end": 179.16, "text": " If the share price were to grow from $20 to say $200 or $300 or $500, which is still a", "tokens": [50687, 1002, 262, 2648, 2756, 547, 284, 1663, 422, 720, 1238, 284, 910, 720, 2167, 393, 720, 6200, 393, 720, 4059, 11, 543, 318, 991, 257, 51065], "temperature": 0.0, "avg_logprob": -0.12889241135638693, "compression_ratio": 1.5665024630541873, "no_speech_prob": 0.20310160517692566}, {"id": 38, "seek": 16512, "start": 179.16, "end": 185.12, "text": " growth of 10x, 15x or 25x in 4 years.", "tokens": [51065, 3349, 286, 838, 87, 11, 1315, 87, 393, 1679, 87, 287, 604, 812, 13, 51363], "temperature": 0.0, "avg_logprob": -0.12889241135638693, "compression_ratio": 1.5665024630541873, "no_speech_prob": 0.20310160517692566}, {"id": 39, "seek": 16512, "start": 185.12, "end": 192.08, "text": " If you consider an approximate profit per share of $500 in 4 years, for an intended benefit", "tokens": [51363, 1002, 345, 2074, 281, 27665, 7630, 583, 2648, 286, 720, 4059, 287, 604, 812, 11, 329, 281, 5292, 4414, 51711], "temperature": 0.0, "avg_logprob": -0.12889241135638693, "compression_ratio": 1.5665024630541873, "no_speech_prob": 0.20310160517692566}, {"id": 40, "seek": 19208, "start": 192.08, "end": 199.08, "text": " of $100,000, you would need to grant them 200 options, 100,000 divided by 500, rather", "tokens": [50363, 286, 720, 3064, 11, 830, 11, 345, 561, 761, 284, 7264, 606, 939, 3689, 11, 1802, 11, 830, 9086, 416, 5323, 11, 2138, 50713], "temperature": 0.0, "avg_logprob": -0.13651585322554394, "compression_ratio": 1.6741071428571428, "no_speech_prob": 0.2567341923713684}, {"id": 41, "seek": 19208, "start": 199.08, "end": 205.36, "text": " than granting them only one option in the case of highly optimistic projections.", "tokens": [50713, 621, 21787, 606, 691, 530, 3038, 287, 262, 1339, 286, 4047, 16915, 19887, 13, 51027], "temperature": 0.0, "avg_logprob": -0.13651585322554394, "compression_ratio": 1.6741071428571428, "no_speech_prob": 0.2567341923713684}, {"id": 42, "seek": 19208, "start": 205.36, "end": 209.88000000000002, "text": " Now we are not saying that you have to pair your ambitions down.", "tokens": [51027, 2735, 356, 389, 407, 2282, 326, 345, 423, 284, 5166, 534, 22455, 866, 13, 51253], "temperature": 0.0, "avg_logprob": -0.13651585322554394, "compression_ratio": 1.6741071428571428, "no_speech_prob": 0.2567341923713684}, {"id": 43, "seek": 19208, "start": 209.88000000000002, "end": 216.92000000000002, "text": " What we are saying is, don't plan your stock options numbers on the basis of a moon projection.", "tokens": [51253, 1867, 356, 389, 2282, 318, 11, 836, 470, 1410, 534, 4283, 3689, 3146, 319, 262, 4308, 286, 257, 8824, 20128, 13, 51605], "temperature": 0.0, "avg_logprob": -0.13651585322554394, "compression_ratio": 1.6741071428571428, "no_speech_prob": 0.2567341923713684}, {"id": 44, "seek": 19208, "start": 216.92000000000002, "end": 219.64000000000001, "text": " Plan them on the basis of something reasonable.", "tokens": [51605, 5224, 606, 319, 262, 4308, 286, 1223, 6397, 13, 51741], "temperature": 0.0, "avg_logprob": -0.13651585322554394, "compression_ratio": 1.6741071428571428, "no_speech_prob": 0.2567341923713684}, {"id": 45, "seek": 21964, "start": 219.64, "end": 225.23999999999998, "text": " So if there is a reasonable value creation, the team also makes a reasonable profit,", "tokens": [50363, 1406, 611, 612, 318, 257, 6397, 1988, 6282, 11, 262, 1074, 635, 1838, 257, 6397, 7630, 11, 50643], "temperature": 0.0, "avg_logprob": -0.14634518046955486, "compression_ratio": 2.0049261083743843, "no_speech_prob": 0.10252075642347336}, {"id": 46, "seek": 21964, "start": 225.23999999999998, "end": 231.67999999999998, "text": " which is fair, which automatically means that should there be an unreasonably high value", "tokens": [50643, 543, 318, 3148, 11, 543, 6338, 1724, 326, 815, 612, 307, 281, 14880, 888, 1346, 1029, 1988, 50965], "temperature": 0.0, "avg_logprob": -0.14634518046955486, "compression_ratio": 2.0049261083743843, "no_speech_prob": 0.10252075642347336}, {"id": 47, "seek": 21964, "start": 231.67999999999998, "end": 237.51999999999998, "text": " creation, the team would also make an unreasonably high profit, which is exactly how it should", "tokens": [50965, 6282, 11, 262, 1074, 561, 635, 787, 281, 14880, 888, 1346, 1029, 7630, 11, 543, 318, 3446, 703, 340, 815, 51257], "temperature": 0.0, "avg_logprob": -0.14634518046955486, "compression_ratio": 2.0049261083743843, "no_speech_prob": 0.10252075642347336}, {"id": 48, "seek": 21964, "start": 237.51999999999998, "end": 238.51999999999998, "text": " be.", "tokens": [51257, 307, 13, 51307], "temperature": 0.0, "avg_logprob": -0.14634518046955486, "compression_ratio": 2.0049261083743843, "no_speech_prob": 0.10252075642347336}, {"id": 49, "seek": 21964, "start": 238.51999999999998, "end": 243.51999999999998, "text": " So work on average reasonable projections and not highly optimistic projections when", "tokens": [51307, 1406, 670, 319, 2811, 6397, 19887, 290, 407, 4047, 16915, 19887, 618, 51557], "temperature": 0.0, "avg_logprob": -0.14634518046955486, "compression_ratio": 2.0049261083743843, "no_speech_prob": 0.10252075642347336}, {"id": 50, "seek": 21964, "start": 243.51999999999998, "end": 247.16, "text": " you calculate the number of options per employee.", "tokens": [51557, 345, 15284, 262, 1271, 286, 3689, 583, 6538, 13, 51739], "temperature": 0.0, "avg_logprob": -0.14634518046955486, "compression_ratio": 2.0049261083743843, "no_speech_prob": 0.10252075642347336}, {"id": 51, "seek": 24716, "start": 247.16, "end": 249.32, "text": " Time for the moon, sure.", "tokens": [50363, 3862, 329, 262, 8824, 11, 1654, 13, 50471], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 52, "seek": 24716, "start": 249.32, "end": 254.88, "text": " But ensure that should you reach only the top floor of a skyscraper, your team is still", "tokens": [50471, 887, 4155, 326, 815, 345, 3151, 691, 262, 1353, 4314, 286, 257, 37885, 38545, 11, 534, 1074, 318, 991, 50749], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 53, "seek": 24716, "start": 254.88, "end": 257.4, "text": " rewarded appropriately.", "tokens": [50749, 20945, 20431, 13, 50875], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 54, "seek": 24716, "start": 257.4, "end": 263.32, "text": " When you plan the option numbers as per the skyscraper, but end up reaching the moon,", "tokens": [50875, 1649, 345, 1410, 262, 3038, 3146, 355, 583, 262, 37885, 38545, 11, 475, 886, 510, 8978, 262, 8824, 11, 51171], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 55, "seek": 24716, "start": 263.32, "end": 267.48, "text": " then every stock option recipient will be over the moon too.", "tokens": [51171, 788, 790, 4283, 3038, 17800, 481, 307, 625, 262, 8824, 1165, 13, 51379], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 56, "seek": 24716, "start": 267.48, "end": 271.04, "text": " So be careful when defining these projections.", "tokens": [51379, 1406, 307, 8161, 618, 16215, 777, 19887, 13, 51557], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 57, "seek": 24716, "start": 271.04, "end": 273.72, "text": " Talk it over with your advisors in detail.", "tokens": [51557, 12167, 340, 625, 351, 534, 32456, 287, 3703, 13, 51691], "temperature": 0.0, "avg_logprob": -0.14294876590851816, "compression_ratio": 1.6504424778761062, "no_speech_prob": 0.34558674693107605}, {"id": 58, "seek": 27372, "start": 273.72, "end": 278.68, "text": " This is very, very crucial since this affects the number of options you would give to your", "tokens": [50363, 770, 318, 845, 11, 845, 8780, 1201, 428, 10975, 262, 1271, 286, 3689, 345, 561, 1577, 284, 534, 50611], "temperature": 0.0, "avg_logprob": -0.15468393472524788, "compression_ratio": 1.5625, "no_speech_prob": 0.2943514585494995}, {"id": 59, "seek": 27372, "start": 278.68, "end": 281.12, "text": " team members today.", "tokens": [50611, 1074, 1866, 1909, 13, 50733], "temperature": 0.0, "avg_logprob": -0.15468393472524788, "compression_ratio": 1.5625, "no_speech_prob": 0.2943514585494995}, {"id": 60, "seek": 27372, "start": 281.12, "end": 286.8, "text": " You could have one set of projections as your dream numbers and another set to decide the", "tokens": [50733, 921, 714, 423, 530, 900, 286, 19887, 355, 534, 4320, 3146, 290, 1194, 900, 284, 5409, 262, 51017], "temperature": 0.0, "avg_logprob": -0.15468393472524788, "compression_ratio": 1.5625, "no_speech_prob": 0.2943514585494995}, {"id": 61, "seek": 27372, "start": 286.8, "end": 288.92, "text": " stock option grants.", "tokens": [51017, 4283, 3038, 11455, 13, 51123], "temperature": 0.0, "avg_logprob": -0.15468393472524788, "compression_ratio": 1.5625, "no_speech_prob": 0.2943514585494995}, {"id": 62, "seek": 27372, "start": 288.92, "end": 292.52000000000004, "text": " Team motivation is very important, so get that right.", "tokens": [51123, 4816, 14052, 318, 845, 1593, 11, 523, 651, 326, 826, 13, 51303], "temperature": 0.0, "avg_logprob": -0.15468393472524788, "compression_ratio": 1.5625, "no_speech_prob": 0.2943514585494995}], "language": "en"} |