3 ms·
The FounderPool website specifically mentions: > You contribute 1% of your equity into your pool. My understanding is that if a founder owns 30% (say) of the
by mauriziocalo 6y ago
The FounderPool website specifically mentions:
> You contribute 1% of your equity into your pool.
My understanding is that if a founder owns 30% (say) of the company when they join the pool, they would contribute towards the pool a number of shares corresponding to 1% of that 30%, i.e. 0.3% of the company. Which will presumably get further diluted by the time the company exits.
Having founders contribute X% of their equity at the time they join the pool is more reasonable from a practical execution standpoint than having founders contribute X% of the company the time of exit.
- csentropy 6y agoAgree. Founders contribute a percentage of the equity they would fully own, if fully vested to the pool, not a fixed percentage of the equity of the company.