3 ms·
Hold on to as much equity as you possibly can.
by quizbiz 17y ago
Hold on to as much equity as you possibly can.
- marcus 17y agoFirst time entrepreneurs usually confuse equity with control, there can be dozens of mechanisms, by which VC's can gain control of a company they invested in. A few examples: * Controlling all C-level positions, firing you at will (which will affect your vesting schedule) * Controlling spending which will force you to raise further rounds, further dilluting you * Board seats * Veto power for exits Get a lawyer and read everything a dozen times...