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You have to bring $100,000 of your own personal money into the company (so investment from 3rd party doesn't count). You also have to maintain control of your
by dotBen 16y ago
You have to bring $100,000 of your own personal money into the company (so investment from 3rd party doesn't count).
You also have to maintain control of your company, ie you can never give away more than 50% of the equity in the company - and that will be prohibitive when seeking investment.
The company is thus limited in it's ability to fundraise above a certain point and an exit is impossible without the founder leaving the country.