[karanjassar]

Yes, I meant 83b :-).

> 83b elections only become a problem for people where you grant them actual shares which they vest in over time which is only common for founders.

All equity we are planning to issue has a vesting schedule attached. My understanding is that it's uncommon it issue equity that doesn't have a vesting schedule attached and it's true for all employees and not just founders. Vesting is indeed at the core of this problem.

Regarding the board setting the strike price -> Someone on the board 'must have some reasonable experience' setting the strike price for it to be reasonable for IRS to believe. I'm the only one on the board so far so unfortunately for us, we don't have anyone with this experience.