I joined a startup with a great concept. We've got eight people (and a landlord) accepting equity as compensation ... now I've got to put this on the balance sheet.
We have everyone on a "four month project" and have told them we will issue warrants at the end of the period, equal to the dollar value of the salary they negotiated for the period. We are using the $4M Pre-money valuation that we are using with Angel Investors.
Finally, we're using Quickbooks - and the business goes live in about a week.
I'd love any thoughts ... point me to any blogs or sources of information. I'm an security analyst by background, and this is my first time inside a startup.