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Takeaway for future founders incorporating: - Own a majority interest in your company. - Be the company's chairman/woman and CEO. - Issue dual-class shares (
by moonlighter 10y ago
Takeaway for future founders incorporating:
- Own a majority interest in your company.
- Be the company's chairman/woman and CEO.
- Issue dual-class shares ("supervoting shares") where class B shares carry many more votes than ordinary class A shares so the board can't pull a Steve Jobs on you.
- LoSboccacc 10y agoFounders that need money to execute or risk folding rarely get to set their conditions
- daemin 10y agoWhat surprised me was that the company was founded 12 years ago. I had assumed that since people were commenting on the founder as a "young, didn't complete college, no real experience, etc" that the company was founded very recently. Upon learning that, it seems to me that the company has grown more organically, more like a bootstrapped business of sorts.
- moonlighter 10y agoNot every founder needs VC money; think outside the YC bubble.