[jeremybencken]

When a startup grants stock options to its key people...83(b) has no bearing on any of them except for one special case. If options are granted to key people who are given the right to exercise them early...

http://www.grellas.com/faq_business_startup_004.html

[couradical]

Fair enough, I wasn't thinking only options grants, but rather equity as a whole.