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Do you believe in the founders/investing team? Based on what you are writing, startups should never be LLCs. You should always have 4 year vesting on all the st
by aml183 11y ago
Do you believe in the founders/investing team? Based on what you are writing, startups should never be LLCs. You should always have 4 year vesting on all the stock. 50% equity in the first round for investor is way too much. These are just a few things that stick out immediately.
- ctooffer 11y agoWith a few reservations, yeah I believe in them, and the product. The potential client list (people interested in the beta) is quite impressive, and the product is unique/powerful. Why do you say that startups shouldn't be LLCs? The investors have 50% voting each, not equity; the total equity split would be 7.5% each to CTO & CEO, then the remainder split between the investors; all dilutable if outside investors get involved.