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I didn't implement rounding in the first version for a very simple reason: in the case of 3 equal founders, the answer should be 33.33/33.33/33.33. So rounding
by alain94040 15y ago
I didn't implement rounding in the first version for a very simple reason: in the case of 3 equal founders, the answer should be 33.33/33.33/33.33. So rounding to the nearest 5 or 10 is wrong. If anyone has a quick algorithm that will provide "smart rounding" following fractions, I'm interested. Otherwise, I'll figure it out.
- phlux 15y agoPersonally I think that companies with 3 equal founders need to get 30 each with 10 reserved for initial funding/employees/others.
- nitrogen 15y agoIs it really necessary to allocate less than 100% of initial shares when future rounds of funding and option grants can be handled by diluting the existing shares?