Options are more valuable in today's cash-rich environment than cash, according to Allen Miller, a principal of Oak HC/FT. To ensure that you are able to recruit and retain the best talent, managing your option pool is a great way to make sure you do.
Miller, a founder at the early stages, shares best practices to protect your option pool. He also lists common mistakes founders make. Miller also offers many tips on how to correct them if they made them early.
Today's newsletter is very brief as we just returned from the Labor Day holiday. We have much more in store for you this week.
Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist
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Voice tech must first solve the cocktail party problem before it can be commercialized
Although voice and speech recognition are expected to become a $26.8billion global market by 2025 there is still much to do before voice can be commercialized.
To overcome limitations developers are using natural language processing and conversational artificial intelligence. However, voice tech is required to solve these problems. Voice tech must meet the human standard of voice and match the complexity of the human auditory system.
How engaged are your employees?
A recent survey found that more than 70% of workers are looking for new jobs or considering it seriously.
Employee development is often overlooked in a startup environment. Priorities like scaling growth take precedence. Few managers are interested in helping employees learn new skills and advance their careers.
Do not wait to be surprised: Create an action plan to evaluate employee engagement. Keep in mind that seven of the 10 next people you meet on a video conference might be working on their resumes.
