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How do you intend to use your own money to fund this startup, then? Unless you intend to just give a straight loan to the company to be paid back with interest
by siegel 9y ago
How do you intend to use your own money to fund this startup, then? Unless you intend to just give a straight loan to the company to be paid back with interest at some future date, then this will eventually be an unequal split. That's fine. But just be careful about how you do this.
- vasilipupkin 9y agoI'll buy preferred convertible equity probably in addition to common stock, so that I'm both an investor and a founder
- siegel 9y agoThat's a sensible approach. Of course, then you won't be entirely equal in terms of your ownership in the company once the security converts.