| {"text": " Don't design a stock options plan. Design a stock options strategy. The phrase stock options plan sometimes can have a legal flavor to it. It might sound like a legal template you need to find somewhere and fill it up. Designing a stock options strategy in its essence is not a legal exercise. It is a people's strategy exercise. That is how you must think about it. Its purpose is to align the mental energies of the team members towards a common set of values and vision. You need to think like that. How do I use stock options as a strategic tool to align my team? And not just something that needs to be granted because it is expected of startups to do so. And thinking here means setting everything else away and thinking about it. How do I use this as a tool? If you don't find yourself leaving everything else aside and specifically contemplating only on this for long periods of time, alone and silently, then you are not doing it right. And just leaving it to chance. So don't design a stock options plan. Craft a stock options strategy. You can follow these steps to do it. 1. Deeply think about your individual core values and let the vision of the enterprise flow out of those values. 2. Let your people's strategy and culture flow out of those values and vision. This will help you decide the kind of people you would like to hire and hence perhaps the kind of traits you should actively look for. This may also tell you something about the kind of people you do not want to hire. 3. When you meet prospective team members, have the values and vision conversation again and again and again. That is what will inspire you. That is what will inspire them and that is what you want. Find the ones who naturally resonate with what you are saying. You will know the ones who do. Now you may not always find someone resonating strongly with your vision. Your goal is to ensure you have a team where a large majority are aligned and passionate about your values and vision. A small minority may be hired because they are very good at what they do and do not have an attitude that goes against the kind of culture you are trying to build. But the majority of the people should be the ones who resonate well. The attitude of the majority will define what your company smells like. If the majority is disinterested in the vision and are only interested in money, that is how it will smell. 4. Design the terms of your stock options using the Atom 6D Stock Options framework. The Atom 60 framework provides detailed guidelines about how you think through various elements of your stock options strategy. Use those guidelines to customize your stock options strategy. 5. Present stock options as an add-on to the values and vision conversation. Because you see, if they are interested only in your salary and options, then they will always be someone else offering them more and they will always be looking outside. The color of money is the same everywhere, but the color of values and vision differs with each founder. Use your own color as a differentiator. Use your values and vision to inspire and hold them together. Money is a much weaker binding agent. When you follow these five steps, you will realize that you don't really design a stock option strategy for your startup. You discover it. As you go through the process and spend a lot of time thinking about it. Stock options have two key perspectives, emotional and financial. You address the emotional perspective by granting them to people who resonate with your values and vision so they feel a sense of ownership as well. However, you also need to ensure that your stock options provide appropriate financial benefit to the employees. We will use the Atom 6D stock options framework to do that. Let us next understand what that framework is in detail. If you haven't already thought through your values and vision at length, that's alright. You should begin to do so now simultaneously. Let both the roads run in parallel and at the right time you will find a way to merge them.", "segments": [{"id": 0, "seek": 0, "start": 0.0, "end": 6.6000000000000005, "text": " Don't design a stock options plan.", "tokens": [50363, 2094, 470, 1486, 257, 4283, 3689, 1410, 13, 50693], "temperature": 0.0, "avg_logprob": -0.1436261898133813, "compression_ratio": 1.8587570621468927, "no_speech_prob": 0.10341066122055054}, {"id": 1, "seek": 0, "start": 6.6000000000000005, "end": 9.56, "text": " Design a stock options strategy.", "tokens": [50693, 8495, 257, 4283, 3689, 4811, 13, 50841], "temperature": 0.0, "avg_logprob": -0.1436261898133813, "compression_ratio": 1.8587570621468927, "no_speech_prob": 0.10341066122055054}, {"id": 2, "seek": 0, "start": 9.56, "end": 15.280000000000001, "text": " The phrase stock options plan sometimes can have a legal flavor to it.", "tokens": [50841, 383, 9546, 4283, 3689, 1410, 3360, 460, 423, 257, 2742, 9565, 284, 340, 13, 51127], "temperature": 0.0, "avg_logprob": -0.1436261898133813, "compression_ratio": 1.8587570621468927, "no_speech_prob": 0.10341066122055054}, {"id": 3, "seek": 0, "start": 15.280000000000001, "end": 20.8, "text": " It might sound like a legal template you need to find somewhere and fill it up.", "tokens": [51127, 632, 1244, 2128, 588, 257, 2742, 11055, 345, 761, 284, 1064, 7382, 290, 6070, 340, 510, 13, 51403], "temperature": 0.0, "avg_logprob": -0.1436261898133813, "compression_ratio": 1.8587570621468927, "no_speech_prob": 0.10341066122055054}, {"id": 4, "seek": 0, "start": 20.8, "end": 26.32, "text": " Designing a stock options strategy in its essence is not a legal exercise.", "tokens": [51403, 8495, 278, 257, 4283, 3689, 4811, 287, 663, 12799, 318, 407, 257, 2742, 5517, 13, 51679], "temperature": 0.0, "avg_logprob": -0.1436261898133813, "compression_ratio": 1.8587570621468927, "no_speech_prob": 0.10341066122055054}, {"id": 5, "seek": 0, "start": 26.32, "end": 28.96, "text": " It is a people's strategy exercise.", "tokens": [51679, 632, 318, 257, 661, 338, 4811, 5517, 13, 51811], "temperature": 0.0, "avg_logprob": -0.1436261898133813, "compression_ratio": 1.8587570621468927, "no_speech_prob": 0.10341066122055054}, {"id": 6, "seek": 2896, "start": 28.96, "end": 31.68, "text": " That is how you must think about it.", "tokens": [50363, 1320, 318, 703, 345, 1276, 892, 546, 340, 13, 50499], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 7, "seek": 2896, "start": 31.68, "end": 37.16, "text": " Its purpose is to align the mental energies of the team members towards a common set", "tokens": [50499, 6363, 4007, 318, 284, 10548, 262, 5110, 27598, 286, 262, 1074, 1866, 3371, 257, 2219, 900, 50773], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 8, "seek": 2896, "start": 37.16, "end": 38.56, "text": " of values and vision.", "tokens": [50773, 286, 3815, 290, 5761, 13, 50843], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 9, "seek": 2896, "start": 38.56, "end": 40.6, "text": " You need to think like that.", "tokens": [50843, 921, 761, 284, 892, 588, 326, 13, 50945], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 10, "seek": 2896, "start": 40.6, "end": 45.28, "text": " How do I use stock options as a strategic tool to align my team?", "tokens": [50945, 1374, 466, 314, 779, 4283, 3689, 355, 257, 10039, 2891, 284, 10548, 616, 1074, 30, 51179], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 11, "seek": 2896, "start": 45.28, "end": 51.64, "text": " And not just something that needs to be granted because it is expected of startups to do so.", "tokens": [51179, 843, 407, 655, 1223, 326, 2476, 284, 307, 7520, 780, 340, 318, 2938, 286, 21685, 284, 466, 523, 13, 51497], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 12, "seek": 2896, "start": 51.64, "end": 56.64, "text": " And thinking here means setting everything else away and thinking about it.", "tokens": [51497, 843, 3612, 994, 1724, 4634, 2279, 2073, 1497, 290, 3612, 546, 340, 13, 51747], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 13, "seek": 2896, "start": 56.64, "end": 58.760000000000005, "text": " How do I use this as a tool?", "tokens": [51747, 1374, 466, 314, 779, 428, 355, 257, 2891, 30, 51853], "temperature": 0.0, "avg_logprob": -0.1150598955584002, "compression_ratio": 1.7193675889328064, "no_speech_prob": 0.21670351922512054}, {"id": 14, "seek": 5876, "start": 58.76, "end": 64.36, "text": " If you don't find yourself leaving everything else aside and specifically contemplating", "tokens": [50363, 1002, 345, 836, 470, 1064, 3511, 4305, 2279, 2073, 7263, 290, 5734, 38048, 50643], "temperature": 0.0, "avg_logprob": -0.18694295762460442, "compression_ratio": 1.561576354679803, "no_speech_prob": 0.03325038030743599}, {"id": 15, "seek": 5876, "start": 64.36, "end": 72.32, "text": " only on this for long periods of time, alone and silently, then you are not doing it right.", "tokens": [50643, 691, 319, 428, 329, 890, 9574, 286, 640, 11, 3436, 290, 24595, 11, 788, 345, 389, 407, 1804, 340, 826, 13, 51041], "temperature": 0.0, "avg_logprob": -0.18694295762460442, "compression_ratio": 1.561576354679803, "no_speech_prob": 0.03325038030743599}, {"id": 16, "seek": 5876, "start": 72.32, "end": 75.08, "text": " And just leaving it to chance.", "tokens": [51041, 843, 655, 4305, 340, 284, 2863, 13, 51179], "temperature": 0.0, "avg_logprob": -0.18694295762460442, "compression_ratio": 1.561576354679803, "no_speech_prob": 0.03325038030743599}, {"id": 17, "seek": 5876, "start": 75.08, "end": 78.36, "text": " So don't design a stock options plan.", "tokens": [51179, 1406, 836, 470, 1486, 257, 4283, 3689, 1410, 13, 51343], "temperature": 0.0, "avg_logprob": -0.18694295762460442, "compression_ratio": 1.561576354679803, "no_speech_prob": 0.03325038030743599}, {"id": 18, "seek": 5876, "start": 78.36, "end": 82.03999999999999, "text": " Craft a stock options strategy.", "tokens": [51343, 15745, 257, 4283, 3689, 4811, 13, 51527], "temperature": 0.0, "avg_logprob": -0.18694295762460442, "compression_ratio": 1.561576354679803, "no_speech_prob": 0.03325038030743599}, {"id": 19, "seek": 5876, "start": 82.03999999999999, "end": 84.92, "text": " You can follow these steps to do it.", "tokens": [51527, 921, 460, 1061, 777, 4831, 284, 466, 340, 13, 51671], "temperature": 0.0, "avg_logprob": -0.18694295762460442, "compression_ratio": 1.561576354679803, "no_speech_prob": 0.03325038030743599}, {"id": 20, "seek": 8492, "start": 84.92, "end": 86.48, "text": " 1.", "tokens": [50363, 352, 13, 50441], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 21, "seek": 8492, "start": 86.48, "end": 91.8, "text": " Deeply think about your individual core values and let the vision of the enterprise flow", "tokens": [50441, 10766, 306, 892, 546, 534, 1981, 4755, 3815, 290, 1309, 262, 5761, 286, 262, 13953, 5202, 50707], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 22, "seek": 8492, "start": 91.8, "end": 94.4, "text": " out of those values.", "tokens": [50707, 503, 286, 883, 3815, 13, 50837], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 23, "seek": 8492, "start": 94.4, "end": 96.44, "text": " 2.", "tokens": [50837, 362, 13, 50939], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 24, "seek": 8492, "start": 96.44, "end": 101.76, "text": " Let your people's strategy and culture flow out of those values and vision.", "tokens": [50939, 3914, 534, 661, 338, 4811, 290, 3968, 5202, 503, 286, 883, 3815, 290, 5761, 13, 51205], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 25, "seek": 8492, "start": 101.76, "end": 106.6, "text": " This will help you decide the kind of people you would like to hire and hence perhaps the", "tokens": [51205, 770, 481, 1037, 345, 5409, 262, 1611, 286, 661, 345, 561, 588, 284, 11078, 290, 12891, 3737, 262, 51447], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 26, "seek": 8492, "start": 106.6, "end": 110.32000000000001, "text": " kind of traits you should actively look for.", "tokens": [51447, 1611, 286, 12796, 345, 815, 10630, 804, 329, 13, 51633], "temperature": 0.0, "avg_logprob": -0.15482989851250706, "compression_ratio": 1.6804123711340206, "no_speech_prob": 0.5631980299949646}, {"id": 27, "seek": 11032, "start": 110.32, "end": 115.44, "text": " This may also tell you something about the kind of people you do not want to hire.", "tokens": [50363, 770, 743, 635, 1560, 345, 1223, 546, 262, 1611, 286, 661, 345, 466, 407, 765, 284, 11078, 13, 50619], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 28, "seek": 11032, "start": 115.44, "end": 117.36, "text": " 3.", "tokens": [50619, 513, 13, 50715], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 29, "seek": 11032, "start": 117.36, "end": 124.28, "text": " When you meet prospective team members, have the values and vision conversation again and", "tokens": [50715, 1649, 345, 1826, 17530, 1074, 1866, 11, 423, 262, 3815, 290, 5761, 5273, 757, 290, 51061], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 30, "seek": 11032, "start": 124.28, "end": 127.24, "text": " again and again.", "tokens": [51061, 757, 290, 757, 13, 51209], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 31, "seek": 11032, "start": 127.24, "end": 129.6, "text": " That is what will inspire you.", "tokens": [51209, 1320, 318, 644, 481, 18330, 345, 13, 51327], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 32, "seek": 11032, "start": 129.6, "end": 134.07999999999998, "text": " That is what will inspire them and that is what you want.", "tokens": [51327, 1320, 318, 644, 481, 18330, 606, 290, 326, 318, 644, 345, 765, 13, 51551], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 33, "seek": 11032, "start": 134.07999999999998, "end": 138.16, "text": " Find the ones who naturally resonate with what you are saying.", "tokens": [51551, 9938, 262, 3392, 508, 8752, 41523, 351, 644, 345, 389, 2282, 13, 51755], "temperature": 0.0, "avg_logprob": -0.14429037598357802, "compression_ratio": 1.728643216080402, "no_speech_prob": 0.20163775980472565}, {"id": 34, "seek": 13816, "start": 138.16, "end": 141.0, "text": " You will know the ones who do.", "tokens": [50363, 921, 481, 760, 262, 3392, 508, 466, 13, 50505], "temperature": 0.0, "avg_logprob": -0.10945247322000483, "compression_ratio": 1.646808510638298, "no_speech_prob": 0.14936912059783936}, {"id": 35, "seek": 13816, "start": 141.0, "end": 145.52, "text": " Now you may not always find someone resonating strongly with your vision.", "tokens": [50505, 2735, 345, 743, 407, 1464, 1064, 2130, 14309, 803, 7634, 351, 534, 5761, 13, 50731], "temperature": 0.0, "avg_logprob": -0.10945247322000483, "compression_ratio": 1.646808510638298, "no_speech_prob": 0.14936912059783936}, {"id": 36, "seek": 13816, "start": 145.52, "end": 152.44, "text": " Your goal is to ensure you have a team where a large majority are aligned and passionate", "tokens": [50731, 3406, 3061, 318, 284, 4155, 345, 423, 257, 1074, 810, 257, 1588, 3741, 389, 19874, 290, 15347, 51077], "temperature": 0.0, "avg_logprob": -0.10945247322000483, "compression_ratio": 1.646808510638298, "no_speech_prob": 0.14936912059783936}, {"id": 37, "seek": 13816, "start": 152.44, "end": 154.92, "text": " about your values and vision.", "tokens": [51077, 546, 534, 3815, 290, 5761, 13, 51201], "temperature": 0.0, "avg_logprob": -0.10945247322000483, "compression_ratio": 1.646808510638298, "no_speech_prob": 0.14936912059783936}, {"id": 38, "seek": 13816, "start": 154.92, "end": 160.2, "text": " A small minority may be hired because they are very good at what they do and do not have", "tokens": [51201, 317, 1402, 9137, 743, 307, 9657, 780, 484, 389, 845, 922, 379, 644, 484, 466, 290, 466, 407, 423, 51465], "temperature": 0.0, "avg_logprob": -0.10945247322000483, "compression_ratio": 1.646808510638298, "no_speech_prob": 0.14936912059783936}, {"id": 39, "seek": 13816, "start": 160.2, "end": 164.76, "text": " an attitude that goes against the kind of culture you are trying to build.", "tokens": [51465, 281, 9408, 326, 2925, 1028, 262, 1611, 286, 3968, 345, 389, 2111, 284, 1382, 13, 51693], "temperature": 0.0, "avg_logprob": -0.10945247322000483, "compression_ratio": 1.646808510638298, "no_speech_prob": 0.14936912059783936}, {"id": 40, "seek": 16476, "start": 164.76, "end": 169.28, "text": " But the majority of the people should be the ones who resonate well.", "tokens": [50363, 887, 262, 3741, 286, 262, 661, 815, 307, 262, 3392, 508, 41523, 880, 13, 50589], "temperature": 0.0, "avg_logprob": -0.15666603460544493, "compression_ratio": 1.6243902439024391, "no_speech_prob": 0.16455131769180298}, {"id": 41, "seek": 16476, "start": 169.28, "end": 176.79999999999998, "text": " The attitude of the majority will define what your company smells like.", "tokens": [50589, 383, 9408, 286, 262, 3741, 481, 8160, 644, 534, 1664, 25760, 588, 13, 50965], "temperature": 0.0, "avg_logprob": -0.15666603460544493, "compression_ratio": 1.6243902439024391, "no_speech_prob": 0.16455131769180298}, {"id": 42, "seek": 16476, "start": 176.79999999999998, "end": 182.12, "text": " If the majority is disinterested in the vision and are only interested in money, that is", "tokens": [50965, 1002, 262, 3741, 318, 595, 34339, 287, 262, 5761, 290, 389, 691, 4609, 287, 1637, 11, 326, 318, 51231], "temperature": 0.0, "avg_logprob": -0.15666603460544493, "compression_ratio": 1.6243902439024391, "no_speech_prob": 0.16455131769180298}, {"id": 43, "seek": 16476, "start": 182.12, "end": 184.16, "text": " how it will smell.", "tokens": [51231, 703, 340, 481, 8508, 13, 51333], "temperature": 0.0, "avg_logprob": -0.15666603460544493, "compression_ratio": 1.6243902439024391, "no_speech_prob": 0.16455131769180298}, {"id": 44, "seek": 16476, "start": 184.16, "end": 186.48, "text": " 4.", "tokens": [51333, 604, 13, 51449], "temperature": 0.0, "avg_logprob": -0.15666603460544493, "compression_ratio": 1.6243902439024391, "no_speech_prob": 0.16455131769180298}, {"id": 45, "seek": 16476, "start": 186.48, "end": 193.07999999999998, "text": " Design the terms of your stock options using the Atom 6D Stock Options framework.", "tokens": [51449, 8495, 262, 2846, 286, 534, 4283, 3689, 1262, 262, 33102, 718, 35, 10500, 18634, 9355, 13, 51779], "temperature": 0.0, "avg_logprob": -0.15666603460544493, "compression_ratio": 1.6243902439024391, "no_speech_prob": 0.16455131769180298}, {"id": 46, "seek": 19308, "start": 193.08, "end": 199.36, "text": " The Atom 60 framework provides detailed guidelines about how you think through various", "tokens": [50363, 383, 33102, 3126, 9355, 3769, 6496, 9949, 546, 703, 345, 892, 832, 2972, 50677], "temperature": 0.0, "avg_logprob": -0.1650313848181616, "compression_ratio": 1.6511627906976745, "no_speech_prob": 0.06509372591972351}, {"id": 47, "seek": 19308, "start": 199.36, "end": 202.60000000000002, "text": " elements of your stock options strategy.", "tokens": [50677, 4847, 286, 534, 4283, 3689, 4811, 13, 50839], "temperature": 0.0, "avg_logprob": -0.1650313848181616, "compression_ratio": 1.6511627906976745, "no_speech_prob": 0.06509372591972351}, {"id": 48, "seek": 19308, "start": 202.60000000000002, "end": 207.20000000000002, "text": " Use those guidelines to customize your stock options strategy.", "tokens": [50839, 5765, 883, 9949, 284, 24184, 534, 4283, 3689, 4811, 13, 51069], "temperature": 0.0, "avg_logprob": -0.1650313848181616, "compression_ratio": 1.6511627906976745, "no_speech_prob": 0.06509372591972351}, {"id": 49, "seek": 19308, "start": 207.20000000000002, "end": 209.28, "text": " 5.", "tokens": [51069, 642, 13, 51173], "temperature": 0.0, "avg_logprob": -0.1650313848181616, "compression_ratio": 1.6511627906976745, "no_speech_prob": 0.06509372591972351}, {"id": 50, "seek": 19308, "start": 209.28, "end": 214.96, "text": " Present stock options as an add-on to the values and vision conversation.", "tokens": [51173, 21662, 4283, 3689, 355, 281, 751, 12, 261, 284, 262, 3815, 290, 5761, 5273, 13, 51457], "temperature": 0.0, "avg_logprob": -0.1650313848181616, "compression_ratio": 1.6511627906976745, "no_speech_prob": 0.06509372591972351}, {"id": 51, "seek": 19308, "start": 214.96, "end": 220.60000000000002, "text": " Because you see, if they are interested only in your salary and options, then they will", "tokens": [51457, 4362, 345, 766, 11, 611, 484, 389, 4609, 691, 287, 534, 9588, 290, 3689, 11, 788, 484, 481, 51739], "temperature": 0.0, "avg_logprob": -0.1650313848181616, "compression_ratio": 1.6511627906976745, "no_speech_prob": 0.06509372591972351}, {"id": 52, "seek": 22060, "start": 220.6, "end": 227.4, "text": " always be someone else offering them more and they will always be looking outside.", "tokens": [50363, 1464, 307, 2130, 2073, 6011, 606, 517, 290, 484, 481, 1464, 307, 2045, 2354, 13, 50703], "temperature": 0.0, "avg_logprob": -0.12570798849757714, "compression_ratio": 1.694300518134715, "no_speech_prob": 0.050073593854904175}, {"id": 53, "seek": 22060, "start": 227.4, "end": 234.84, "text": " The color of money is the same everywhere, but the color of values and vision differs", "tokens": [50703, 383, 3124, 286, 1637, 318, 262, 976, 8347, 11, 475, 262, 3124, 286, 3815, 290, 5761, 24242, 51075], "temperature": 0.0, "avg_logprob": -0.12570798849757714, "compression_ratio": 1.694300518134715, "no_speech_prob": 0.050073593854904175}, {"id": 54, "seek": 22060, "start": 234.84, "end": 237.64, "text": " with each founder.", "tokens": [51075, 351, 1123, 9119, 13, 51215], "temperature": 0.0, "avg_logprob": -0.12570798849757714, "compression_ratio": 1.694300518134715, "no_speech_prob": 0.050073593854904175}, {"id": 55, "seek": 22060, "start": 237.64, "end": 241.16, "text": " Use your own color as a differentiator.", "tokens": [51215, 5765, 534, 898, 3124, 355, 257, 1180, 38585, 13, 51391], "temperature": 0.0, "avg_logprob": -0.12570798849757714, "compression_ratio": 1.694300518134715, "no_speech_prob": 0.050073593854904175}, {"id": 56, "seek": 22060, "start": 241.16, "end": 245.16, "text": " Use your values and vision to inspire and hold them together.", "tokens": [51391, 5765, 534, 3815, 290, 5761, 284, 18330, 290, 1745, 606, 1978, 13, 51591], "temperature": 0.0, "avg_logprob": -0.12570798849757714, "compression_ratio": 1.694300518134715, "no_speech_prob": 0.050073593854904175}, {"id": 57, "seek": 22060, "start": 245.16, "end": 249.95999999999998, "text": " Money is a much weaker binding agent.", "tokens": [51591, 12911, 318, 257, 881, 17642, 12765, 5797, 13, 51831], "temperature": 0.0, "avg_logprob": -0.12570798849757714, "compression_ratio": 1.694300518134715, "no_speech_prob": 0.050073593854904175}, {"id": 58, "seek": 24996, "start": 249.96, "end": 255.76000000000002, "text": " When you follow these five steps, you will realize that you don't really design a stock", "tokens": [50363, 1649, 345, 1061, 777, 1936, 4831, 11, 345, 481, 6537, 326, 345, 836, 470, 1107, 1486, 257, 4283, 50653], "temperature": 0.0, "avg_logprob": -0.13885210809253512, "compression_ratio": 1.6103896103896105, "no_speech_prob": 0.08636803179979324}, {"id": 59, "seek": 24996, "start": 255.76000000000002, "end": 258.36, "text": " option strategy for your startup.", "tokens": [50653, 3038, 4811, 329, 534, 13693, 13, 50783], "temperature": 0.0, "avg_logprob": -0.13885210809253512, "compression_ratio": 1.6103896103896105, "no_speech_prob": 0.08636803179979324}, {"id": 60, "seek": 24996, "start": 258.36, "end": 260.44, "text": " You discover it.", "tokens": [50783, 921, 7073, 340, 13, 50887], "temperature": 0.0, "avg_logprob": -0.13885210809253512, "compression_ratio": 1.6103896103896105, "no_speech_prob": 0.08636803179979324}, {"id": 61, "seek": 24996, "start": 260.44, "end": 266.72, "text": " As you go through the process and spend a lot of time thinking about it.", "tokens": [50887, 1081, 345, 467, 832, 262, 1429, 290, 4341, 257, 1256, 286, 640, 3612, 546, 340, 13, 51201], "temperature": 0.0, "avg_logprob": -0.13885210809253512, "compression_ratio": 1.6103896103896105, "no_speech_prob": 0.08636803179979324}, {"id": 62, "seek": 24996, "start": 266.72, "end": 273.0, "text": " Stock options have two key perspectives, emotional and financial.", "tokens": [51201, 10500, 3689, 423, 734, 1994, 22582, 11, 7016, 290, 3176, 13, 51515], "temperature": 0.0, "avg_logprob": -0.13885210809253512, "compression_ratio": 1.6103896103896105, "no_speech_prob": 0.08636803179979324}, {"id": 63, "seek": 24996, "start": 273.0, "end": 278.36, "text": " You address the emotional perspective by granting them to people who resonate with your values", "tokens": [51515, 921, 2209, 262, 7016, 6650, 416, 21787, 606, 284, 661, 508, 41523, 351, 534, 3815, 51783], "temperature": 0.0, "avg_logprob": -0.13885210809253512, "compression_ratio": 1.6103896103896105, "no_speech_prob": 0.08636803179979324}, {"id": 64, "seek": 27836, "start": 278.36, "end": 282.44, "text": " and vision so they feel a sense of ownership as well.", "tokens": [50363, 290, 5761, 523, 484, 1254, 257, 2565, 286, 9238, 355, 880, 13, 50567], "temperature": 0.0, "avg_logprob": -0.1708520000631159, "compression_ratio": 1.5897435897435896, "no_speech_prob": 0.05540643632411957}, {"id": 65, "seek": 27836, "start": 282.44, "end": 287.72, "text": " However, you also need to ensure that your stock options provide appropriate financial", "tokens": [50567, 2102, 11, 345, 635, 761, 284, 4155, 326, 534, 4283, 3689, 2148, 5035, 3176, 50831], "temperature": 0.0, "avg_logprob": -0.1708520000631159, "compression_ratio": 1.5897435897435896, "no_speech_prob": 0.05540643632411957}, {"id": 66, "seek": 27836, "start": 287.72, "end": 290.40000000000003, "text": " benefit to the employees.", "tokens": [50831, 4414, 284, 262, 4409, 13, 50965], "temperature": 0.0, "avg_logprob": -0.1708520000631159, "compression_ratio": 1.5897435897435896, "no_speech_prob": 0.05540643632411957}, {"id": 67, "seek": 27836, "start": 290.40000000000003, "end": 295.88, "text": " We will use the Atom 6D stock options framework to do that.", "tokens": [50965, 775, 481, 779, 262, 33102, 718, 35, 4283, 3689, 9355, 284, 466, 326, 13, 51239], "temperature": 0.0, "avg_logprob": -0.1708520000631159, "compression_ratio": 1.5897435897435896, "no_speech_prob": 0.05540643632411957}, {"id": 68, "seek": 27836, "start": 295.88, "end": 300.04, "text": " Let us next understand what that framework is in detail.", "tokens": [51239, 3914, 514, 1306, 1833, 644, 326, 9355, 318, 287, 3703, 13, 51447], "temperature": 0.0, "avg_logprob": -0.1708520000631159, "compression_ratio": 1.5897435897435896, "no_speech_prob": 0.05540643632411957}, {"id": 69, "seek": 27836, "start": 300.04, "end": 304.96000000000004, "text": " If you haven't already thought through your values and vision at length, that's alright.", "tokens": [51447, 1002, 345, 4398, 470, 1541, 1807, 832, 534, 3815, 290, 5761, 379, 4129, 11, 326, 338, 23036, 13, 51693], "temperature": 0.0, "avg_logprob": -0.1708520000631159, "compression_ratio": 1.5897435897435896, "no_speech_prob": 0.05540643632411957}, {"id": 70, "seek": 30496, "start": 304.96, "end": 308.84, "text": " You should begin to do so now simultaneously.", "tokens": [50363, 921, 815, 2221, 284, 466, 523, 783, 11640, 13, 50557], "temperature": 0.0, "avg_logprob": -0.2714468208519188, "compression_ratio": 1.2685185185185186, "no_speech_prob": 0.3580250144004822}, {"id": 71, "seek": 30496, "start": 308.84, "end": 314.2, "text": " Let both the roads run in parallel and at the right time you will find a way to merge", "tokens": [50557, 3914, 1111, 262, 9725, 1057, 287, 10730, 290, 379, 262, 826, 640, 345, 481, 1064, 257, 835, 284, 20121, 50825], "temperature": 0.0, "avg_logprob": -0.2714468208519188, "compression_ratio": 1.2685185185185186, "no_speech_prob": 0.3580250144004822}, {"id": 72, "seek": 30496, "start": 314.2, "end": 314.47999999999996, "text": " them.", "tokens": [50825, 606, 13, 50839], "temperature": 0.0, "avg_logprob": -0.2714468208519188, "compression_ratio": 1.2685185185185186, "no_speech_prob": 0.3580250144004822}], "language": "en"} |