In addition to the capital gap, there is a technology use gap for women-owned and black-owned businesses. Without the right technology, businesses are passing up an incredible performance tool in equity, in order to avoid the potential risk and administrative burden involved.
The OptionTrax Equity Inclusion Initiative aims to facilitate broader use of equity incentive plans by offering pro bono equity management tools and services to 25 private or public women-owned and/ or black-owned business for eighteen months. Our goal is to work with revenue-stage businesses that see equity management and compensation as an important part of their current stage of development.
Successful applicants will receive an equity plan best practice consultation and use of the OptionTrax equity management platform, which provides full equity plan and cap table management functionality with integrated financial reporting, tax calculations and growth modeling. With the OptionTrax employee portal, companies will be able to engage and communicate with their employees about their equity in order to further drive commitment and performance. Intuitive, and designed for growth-stage enterprises, the OptionTrax system is the only tool a company needs to implement and manage an effective equity program.