For truly early companies I would recommend getting a 409a valuation. This value will be extremely low and have the employees buy the stock outright(or with a n

For truly early companies I would recommend getting a 409a valuation. This value will be extremely low and have the employees buy the stock outright(or with a note from the company) and have an expiring repurchase agreement for the vesting part. The fact that you are doing $30m in rev is a big hurdle to gettin a low valuation. What are you trying to accomplish? Are you trying to transfer value to the few people that helped you get to $30m in rev or are you looking to incentivize current employees going forward?