It's quite insane to see so many views in such a short amount of time! Thanks all for watching. This is one of my favorite videos so far. I'll be around today to answer any questions you have.
@@okboye2870 I've been your situation before.Pretty much to say, I've done 90% of the work as we bootstrapping and in need to save money for the company.The other co-founders did not do any tasks / do the tasks with delay not a week,but up till month without any valid reasons as i already prepared the growth plan.I only own 25% of the company.Yeah,the first co-founder got experience in businesses,connection,so called investor (promise to invest 25k usd) which hold 45% of the company without any valid reasons (except connection from bank,government and experience) which later used my money for legal side of businesses and sort without spending a dime (after tiredly waiting for his money for 4 months as he promise ) and the other co-founder cant even do a single task (no skills at all) but hold 25% from the company.I out from the company after settle with legal,now both of them were fucked up.My bad mistake.Choose your co-founder wisely and make sure your effort/money/time spent = to your share.You can refer to slicing pie method for equity part.Now am bootstrapping myself.
Great videos. You mentioned becoming a dad 6 months into starting Slidebean. You also mention spending 24/7 working / with cofounders. Have you considered making a video on your / your partners experience balancing startup life with starting a family / keeping a healthy life balance? I’m sure you’d do an awesome video on it
Have just one comment. Also did start a company 10 years ago... we did a 50/50 we agreed to not pay each other a salary for a year. The year past. He had more savings, what we did was we kept the 50/50 but I really needed a small salary to survive so we gave me a small salary and he took the same salary as a debt in the company. So when we finally got the funds we paid out his open standing salary. The relationship is just super important. Like a real relationship it's giving and taking..... it's not always that straight. You just can't measure everything with each other. Like I made more hours but that didn't make me demand more salary or more stake. He was more lean with taking debts and giving me a salary
I am second year into a food industry startup. When we started, I put down $6k and my partner has since done all groundwork. We split 80-20 to me. I run data analysis and fundraising and have gained fair value equity for additional cash investments. This has worked for us and we have both forgone any salary.
Working on a startup by myself, I was feeling drained till I came across your videos! The clarity and preciseness in each video came as a breath of fresh air. I not only subscribed but started saving videos to my list to watch again if need be. Thank you for your time and effort!
hey there, great video, i'm a little late to the party. We have three co founders and spoke to a lawyer to draft the SHA which had the vesting clause etc... we then got busy developing the business and the lawyer dropped the ball and forgot to deliver the SHA! a few months later one of the co founders quit, we have spent the last year trying to work it all out, luckily we are all amicable, but it's a long expensive and distracting pain. Get the SHA done, spend the money and grow from a solid base. You may not always be as amicable as us. Love the series, keep it up.
Generally speaking having a conversation involving founding stake in the company is a great assessment of a few things. Their long-term focus/efforts towards the success of the company, short-term experience gain from the venture and also the general level of ambition in the team.
Caya is so real! This is like my 5th time of watching this video. Big Ups Man! Seest thou a man diligent in his business? He shall stand before kings; he shall not stand before mean men (Proverbs 22:29). Shalom
Instead of a static share amount, there were too many variables to make a 50/50 work. What if one founder works part time while another is full time? Or if one brings IP with him and must transfer ownership to the company? Or if one had industry connections while the other needed a small salary to keep going. Dynamic share splits fix all of this - and with our company, slicing pie dynamic share splits was the way to go. Plus it means instant KPI metrics - bigger portions go to the ones that work the hardest and put the most effort in over time.
I'm a founder A, my brother is a founder B, he's coding. Other business procedures unrelated to coding we do together. So I get 50% of shares, he gets 50% + a developer salary.
I’m so glad that I came across your videos!!! I actually binge watched many videos and got some invaluable information that I will be using for my startup!! Thank you for your clear and easy to understand comments/explanations!! Looking forward to the other videos!!
I don't agree with the idea of 50/50 equity. My previous startup actually failed due to the founders conflict. Because, everyone had the authority over everyone. So, I think if there are two founders it should be 51/49 not 50/50. Personal opinion. 😊
ruclips.net/video/wjtW9w8VtnA/видео.html S.M.Saad Uddin Hi, ego clashes happen at any equation. I yet feel 50/50 is a better option, with prior understanding & mutual respect of who takes the final call!
I think this is a good idea take the 51/49 and compensate the partner with 2 shares later on or with cash , this means you have more say in the company .Good faith aside this is the more logical thing
@@cayahere Compromise and sacrifices can and should be made ,but situations maybe arrive where you wish to have a say over the rest .So , if you can agree on this before hand ,then it's logically the more sound option.
Based on personal experiences... you need a tie breaker. We should look to come to an amicable agreement always. but if you have a diverse board, there will be occasions where you need to decide and move on quick.
I stumbled on this information at the righy time. Thank you for this vital information. I have made some mistakes as regards to this topic but I think I know better now and thank God for the kind of co-founder that I have
Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell stocks.
@@ElizabethSarah-cl3sc Having an investment adviser is the best way to go about the stock market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time
@@ElizabethSarah-cl3sc renowned for her proficiency and expertise in the financial market, *KRISTIN GAIL CUNNINGHAM* my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
have this situation currently, struggling for 3 years already. Millions (in opportunities) lost so far and the company is going nowhere. Of course we did not have the agreements in place.
That's unfortunate, how do you plan on resolving the issue? Also I got a question. Me & my co-founder have started a company (incorporated the business and everything), we agree on the incorporation document a 50/50 split on shares of the company. Would you advise to draft another agreement stating decision making powers? I'm the CEO and my partner serves as a company secretary. Thanks for the info
@@erickasoyaga933 there seems to be no solution. We don't have money to buy each other out, the investors won't touch a company with shareholder conflict. Meanwhile meaningless lawsuits are piling up. Never do a 50/50. Never.
@@eIektrinis I’ll be going in as a solo founder within the next 3 years (I’m working on some tech that I eventually want to spin off into an aerospace company). My plan is to hire critical people over time, as the need arises. Your advice on never going 50/50 is well noted. I’m probably gonna bootstrap myself slowly anyway lol. Best wishes with future projects, friend 🙏🏽
Your channel is excellent. A lot of useful videos. You deserve more subs. This is helping me tremendously heading into the early stages of my tech business.
This is absolute perfection. I had the privilege of reading something similar, and it was absolute perfection. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
Agree on 50/50, or equal amount of it. Me too have suffered from bad parnership. One of my partner suddenly makes us give some of the shares or will evict us out of her office, because she owns the office. We pay a bit lower than normal price, she said its ok to use office with discounted price. suddenly got invoice of 2 years for accumulated discounts. Lesson learned, make sure all things is signed before starting business. 😅
Caya!!!! Man!!! Your videos are so good I almost do no work just watching your videos on how to better do the work! 🤣🤣 Man you are soooo helping us! God bless you! Your office hours too! Very nice!
BEST ADVICE - The technology that we have makes it very easy to start [almost] any venture - yourself. Try to get it started and lifted off the ground, BEFORE pursuing a CTO. The problem with getting a partner [CTO] early on: 1) You really won't need them from the get go 2) It creates extra burden for you - especially if your on MVP and unsure of the future 3) GOOD CTO's [who have great background] will get bored and leave you hanging Build the company yourself with outsourcing the work, and build it SLOWLY until you have a good foundation and then for your MAP model or V2+ proceed with finding a partner. In this case, they too will be more excited to participate in a company that looks promising.
Great Video. Good job done. A bit fast but one can always go back. I’m going thru all you videos as I’m in a middle of a startup and will come back for advice. 👍🏻
Great video I appreciate the time an expense you guys take putting this out there. Keep it up, I'm on about four or five videos of yours, and looking forward to the next one
Founder salaries are mostly arbitrary to provide a type of value or effort given, but I see the point that a tangible regular benefit does in itself become a motivation to increase share value by making the business work better
I like your channel. I'm learning so much from you. I'm founding my own company these days and you've provided much more important and beneficial information Thank you
Caya, thanks a lot for the videos! They are awesome! There is one aspect I wish you also covered in regards to this topic. If one of the founders worked, let's say 12 months, and hence got 25% of his shares vested.. and then he wants to leave. What happens next? Can he sell the vested shares? If yes, must he sell to other co-founders, or can he sell to 3rd parties? And at what price? And if he sells them to third parties, do those third parties have voting rights in the company? And do such 3rd parties become co-founders? And what happens to the shares that were not vested? I know that they belong to the company.. but I don't really understand what that actually means. Like are those shares "destroyed"? Or are they distributed evenly between other founders or shareholders?
More often than not, a 50/50 equal split isn't the best way to divide up the shares if you ask me, VC's or angels. It might seem fair, but it isn't. An egalitarian approach isn't the best if you're starting a serious business. Some founders have much higher opportunity costs by joining your startup, and should be compensated for that. Similarly, some founders contribute much more to the value of the company, or are expected to. And don't forget, that some founders can be the unique heart and driver of the whole business, and are much more invested emotionally as well than others who could drop out right after the vesting period. People are different, so treat them as such, out of respect for yourself and that of your co founders. Love the video though. You're doing good work!
Opportunity cost should not necessarily be compensated since that does not help the company. If anything, that may be a liability if they may leave early due to opportunity costs. However if someone is putting more in to the actual company then yea. However this video also gave a good specific way to make things fair and considerate when opportunity costs are not equal. The savings founder can invest and get more shares, while the one without savings also gets a paycheck.
Your videos are amazing 😍 really love them But when I watch them I get nervous and scared rather than getting motivated 😂 Because I'm starting my own business and it's scary how things could go wrong
what if the company consist of 2 co-founders, both 50:50 split and reinvest their salary back into the company, would that just be the same? I.e. it's still 50:50 split at the end of the day
I believe everything you say is solid and pertinent informationbut haven't gone through this partners twice in my life beforehand I would not do it again without a formal signed agreement than an attorney drafted Unfortunately I must admit only way to protect yourself
A very useful tool is to write a private document defining each founder's tasks. If any of the founders does not accomplish the determined tasks within a certain period of time, they loose their stock in favor of the other founders who did fulfill the assignments. Hope it helped.
In a case where equity is shared between the founding team 2 years into operation, can I please be advised on the validity of the following points as grounds on which to allocate equity: 1. can a co-founder be allocated shares on the bases that they were successful in securing a business grant? 2. in a case where one of the co-founders stands as surety for loans credited to the business, would it be fair for such a co-found to account for the full value of the loans already paid for by the business as contribution towards his/her equity share?
I think splitting the shares also depend upon type of company. If it is a deep-tech product. 50-50 is OK. But if it is a saas based app where sales n marketing is most important 50 to tech cofounder is much larger. A deep tech product business has product value. A simple app has customer value
It is a great video. I registered at Founderhub. One point I wanted to raise is how to tackle this catch 22 situation of investor not paying for the salary of the founder. I mean what happens to someone like me , who has a day consulting job but thanks to the Covid situation can dedicate his time for his start up as well. If the investor does not pay for the salary of the founder how does the founder pay for his bills
I do have a question, please. I get it that the vesting agreement or clause guards against all of the unsavory issues that may happen should Founder B "leave within the first 12 months or 1 year." But what does "Leaving" mean? Because, other than a formal declaration of his intention to discontinue membership of the company, I think that any behaviour taken as he leaving the company will be subject to judicial interpretation. Please help here. Thanks.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Last year, companies using our pitch decks raised $300M+ in venture capital.
Here's how we can help you ►slidebean.com/?
I like the way he speaks. So clear and on point. Loving the videos!
Just watch under 5 videos, this guy is the deal. Clear communication skills
And such a good lean forward posture..
Love u too
It's quite insane to see so many views in such a short amount of time! Thanks all for watching. This is one of my favorite videos so far.
I'll be around today to answer any questions you have.
Keep grinding Caya!
It's because these are the sort of questions people dotn want to answer unless your bin the financial industry of have the connections
Certainly! Someone has to do it, right?
Your greatest video so far : and I will use it some day for my Entrepreneurship course, keep on doing !
@@okboye2870 I've been your situation before.Pretty much to say, I've done 90% of the work as we bootstrapping and in need to save money for the company.The other co-founders did not do any tasks / do the tasks with delay not a week,but up till month without any valid reasons as i already prepared the growth plan.I only own 25% of the company.Yeah,the first co-founder got experience in businesses,connection,so called investor (promise to invest 25k usd) which hold 45% of the company without any valid reasons (except connection from bank,government and experience) which later used my money for legal side of businesses and sort without spending a dime (after tiredly waiting for his money for 4 months as he promise ) and the other co-founder cant even do a single task (no skills at all) but hold 25% from the company.I out from the company after settle with legal,now both of them were fucked up.My bad mistake.Choose your co-founder wisely and make sure your effort/money/time spent = to your share.You can refer to slicing pie method for equity part.Now am bootstrapping myself.
Great videos. You mentioned becoming a dad 6 months into starting Slidebean. You also mention spending 24/7 working / with cofounders. Have you considered making a video on your / your partners experience balancing startup life with starting a family / keeping a healthy life balance? I’m sure you’d do an awesome video on it
Have just one comment. Also did start a company 10 years ago... we did a 50/50 we agreed to not pay each other a salary for a year. The year past. He had more savings, what we did was we kept the 50/50 but I really needed a small salary to survive so we gave me a small salary and he took the same salary as a debt in the company. So when we finally got the funds we paid out his open standing salary. The relationship is just super important. Like a real relationship it's giving and taking..... it's not always that straight. You just can't measure everything with each other. Like I made more hours but that didn't make me demand more salary or more stake. He was more lean with taking debts and giving me a salary
Tx for the tip
I am second year into a food industry startup. When we started, I put down $6k and my partner has since done all groundwork. We split 80-20 to me. I run data analysis and fundraising and have gained fair value equity for additional cash investments.
This has worked for us and we have both forgone any salary.
Where are you from? I also have interest in food industry startups. Might have my own soon.
@@shashanksingh8210 are your from india
@@narutosheep1239 yes
I find his thoughts well organised and delivered. Also the fact that he does not dwell on theories but uses real examples to drive the point home. 👍🏼
Thank you, Tony!
Working on a startup by myself, I was feeling drained till I came across your videos! The clarity and preciseness in each video came as a breath of fresh air. I not only subscribed but started saving videos to my list to watch again if need be. Thank you for your time and effort!
Glad it was helpful! Thank you and we wish you the best in your endeavors! If we can ever help, go to slidebean.com/youtube :)
How's the startup going?
Setting a salary bench mark and Preparing an Aggreement is my take home from this . Great Content.
Just embarking on an app startup and this channel is a real substance / value filled place for me. Thank you so much for those videos.
This guy’s my startup mentor . Really appreciate your work . Hope we’ll meet someday .
This is exactly what should be done from days one and your summary is once more "Spot on". A pleasure to watch and share!
Thanks, Etienne!
hey there, great video, i'm a little late to the party. We have three co founders and spoke to a lawyer to draft the SHA which had the vesting clause etc... we then got busy developing the business and the lawyer dropped the ball and forgot to deliver the SHA! a few months later one of the co founders quit, we have spent the last year trying to work it all out, luckily we are all amicable, but it's a long expensive and distracting pain. Get the SHA done, spend the money and grow from a solid base. You may not always be as amicable as us. Love the series, keep it up.
So happy to have found this channel right now. Amazing content. One of the most valuable channels for entrepreneurs by FAR.
Generally speaking having a conversation involving founding stake in the company is a great assessment of a few things. Their long-term focus/efforts towards the success of the company, short-term experience gain from the venture and also the general level of ambition in the team.
Your videos are very helpful and often give us the right perspective towards any current or potential issue in our 4 year old company. Thank you!
Happy to help!
Caya is so real! This is like my 5th time of watching this video. Big Ups Man! Seest thou a man diligent in his business? He shall stand before kings; he shall not stand before mean men (Proverbs 22:29). Shalom
Big up! Thank you for your comment and support!
Your advice is worth a million dollars. It can even make you a shareholder in a company you didn't fund
Hello, I recently found your channel while i am in quarantine. It is really great platform to learn. Thank you for amazing content.
Awesome, thank you!
Instead of a static share amount, there were too many variables to make a 50/50 work. What if one founder works part time while another is full time? Or if one brings IP with him and must transfer ownership to the company? Or if one had industry connections while the other needed a small salary to keep going. Dynamic share splits fix all of this - and with our company, slicing pie dynamic share splits was the way to go. Plus it means instant KPI metrics - bigger portions go to the ones that work the hardest and put the most effort in over time.
Where can I find a template for a dynamic structure as you say? Trying to figure out how to draft the language
Mucho data packed in, great video, thank you. Smashed that Like button and Subscribed.
Same..didn't waste a minute smashing that Like and Subscribe button
Thanks Caya. I am blessed to have found this video. Plenty of lessons to picked up. Loving it.
Glad it was helpful!
This series has been very informative. Such information has been difficult to come by for entrepreneurs. Thank you for sharing
I'm a founder A, my brother is a founder B, he's coding. Other business procedures unrelated to coding we do together. So I get 50% of shares, he gets 50% + a developer salary.
Makes sense.
Great video, very useful!!! Really.
I’m so glad that I came across your videos!!! I actually binge watched many videos and got some invaluable information that I will be using for my startup!! Thank you for your clear and easy to understand comments/explanations!! Looking forward to the other videos!!
Thank you, Caroline!
I don't agree with the idea of 50/50 equity. My previous startup actually failed due to the founders conflict. Because, everyone had the authority over everyone. So, I think if there are two founders it should be 51/49 not 50/50. Personal opinion. 😊
ruclips.net/video/wjtW9w8VtnA/видео.html S.M.Saad Uddin Hi, ego clashes happen at any equation. I yet feel 50/50 is a better option, with prior understanding & mutual respect of who takes the final call!
I think this is a good idea take the 51/49 and compensate the partner with 2 shares later on or with cash , this means you have more say in the company .Good faith aside this is the more logical thing
Ugh. I hate the concept of 51/49. You should build a company on your ability to agree and compromise.
@@cayahere Compromise and sacrifices can and should be made ,but situations maybe arrive where you wish to have a say over the rest .So , if you can agree on this before hand ,then it's logically the more sound option.
Based on personal experiences... you need a tie breaker. We should look to come to an amicable agreement always. but if you have a diverse board, there will be occasions where you need to decide and move on quick.
Best Channel, content in category and best Startup support Startup ❤️
You made a drastic changes in our Startups ❤️
Thanks a lot 🌷
This guy makes me feel I might not suck at being an entrepreneur. Keep going, I might just give it a try
Hey Godfrey, you should give it a try. I'll like to know your interests in entreprenuership.
I stumbled on this information at the righy time. Thank you for this vital information. I have made some mistakes as regards to this topic but I think I know better now and thank God for the kind of co-founder that I have
Glad it was helpful!
Excellent content, especially liked the end where you broke down cost and time to do one of your favorite videos.
Awesome. Hey, subscribed and shared only after watching the whole video. It's awesome to have you on RUclips.
shreyas D 👊🏽
Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell stocks.
@@ElizabethSarah-cl3sc Having an investment adviser is the best way to go about the stock market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time
@@RichardWilliam-i4z That's impressive! I could really use the expertise of these advisors. how can I get to your advisor?
@@ElizabethSarah-cl3sc renowned for her proficiency and expertise in the financial market, *KRISTIN GAIL CUNNINGHAM* my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@RichardWilliam-i4z Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
Never recommended to have a 50/50
Split. It may stall any decision making in case of disagreement
have this situation currently, struggling for 3 years already. Millions (in opportunities) lost so far and the company is going nowhere. Of course we did not have the agreements in place.
That's unfortunate, how do you plan on resolving the issue?
Also I got a question. Me & my co-founder have started a company (incorporated the business and everything), we agree on the incorporation document a 50/50 split on shares of the company. Would you advise to draft another agreement stating decision making powers? I'm the CEO and my partner serves as a company secretary. Thanks for the info
@@erickasoyaga933 there seems to be no solution. We don't have money to buy each other out, the investors won't touch a company with shareholder conflict. Meanwhile meaningless lawsuits are piling up.
Never do a 50/50. Never.
@@eIektrinis I’ll be going in as a solo founder within the next 3 years (I’m working on some tech that I eventually want to spin off into an aerospace company). My plan is to hire critical people over time, as the need arises. Your advice on never going 50/50 is well noted. I’m probably gonna bootstrap myself slowly anyway lol. Best wishes with future projects, friend 🙏🏽
@@Ali-gh7rj what do you mean? We are trying various option for over 3 years now, but his expectations are too high.
Your channel is excellent. A lot of useful videos. You deserve more subs.
This is helping me tremendously heading into the early stages of my tech business.
This is absolute perfection. I had the privilege of reading something similar, and it was absolute perfection. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
I am Howard PHeelgooD and caught up and wide awake at 5am binge watching your clips. I AM ALL IN! I need yall services!
Agree on 50/50, or equal amount of it. Me too have suffered from bad parnership. One of my partner suddenly makes us give some of the shares or will evict us out of her office, because she owns the office. We pay a bit lower than normal price, she said its ok to use office with discounted price. suddenly got invoice of 2 years for accumulated discounts. Lesson learned, make sure all things is signed before starting business. 😅
Thanks a ton for making this video.
I feel it is extremely important for all the founders to know this before they start their entrepreneurial journey
Amazing!
Caya!!!! Man!!! Your videos are so good I almost do no work just watching your videos on how to better do the work! 🤣🤣
Man you are soooo helping us! God bless you! Your office hours too! Very nice!
It really helps to grasp my head around this matter. thanks, kaya!
BEST ADVICE - The technology that we have makes it very easy to start [almost] any venture - yourself. Try to get it started and lifted off the ground, BEFORE pursuing a CTO.
The problem with getting a partner [CTO] early on:
1) You really won't need them from the get go
2) It creates extra burden for you - especially if your on MVP and unsure of the future
3) GOOD CTO's [who have great background] will get bored and leave you hanging
Build the company yourself with outsourcing the work, and build it SLOWLY until you have a good foundation and then for your MAP model or V2+ proceed with finding a partner. In this case, they too will be more excited to participate in a company that looks promising.
This was really useful! The agreement clarified a lot of things for me.
Glad it was helpful!
in my 1st startup, i paid for my co-founder daily expenses from my pocket for 6 months, that didn't ended well.
Thanks for sharing!
One can't explain better than this! You/re a rockstar!
This is great. I love your presentations and simplified guided approach to these important matters.
Glad it was helpful!
Your channel is great, with high clarity in your topics.
You are surely gonna put many lawyers out of business !! Kudos !! Keep it up.
Great Video. Good job done. A bit fast but one can always go back. I’m going thru all you videos as I’m in a middle of a startup and will come back for advice. 👍🏻
Thanks, Caya. An eye-opener as always. Continue helping us all to understand the Startup game better.
Wow thank you so much.
I really needed this information, and you delivered it well.
Great video I appreciate the time an expense you guys take putting this out there.
Keep it up, I'm on about four or five videos of yours, and looking forward to the next one
Amazing! We are probably on 15 videos already.
Founder salaries are mostly arbitrary to provide a type of value or effort given, but I see the point that a tangible regular benefit does in itself become a motivation to increase share value by making the business work better
😉
Founder salaries respond to the need for founders to eat. You just can't live without a salary.
This video is excellent, this is what I need before I have my own startup.
Great, clear. All Founders should Watch
Great videos, I hardly comment on videos. But your videos are simple and to the point. Good job
Thanks, Nicholas! Glad you enjoyed it!
Really appreciate the knowledge share 🙏🏾 I learned alot from this video and will definitely be keeping up with your content
Awesome! Thank you!
I like your channel. I'm learning so much from you. I'm founding my own company these days and you've provided much more important and beneficial information
Thank you
Great to hear!
Great explainer video Caya - keep them coming! Jon
Really love these contents. Could be late to the video but really helpful. Thanks for sharing!
Glad it was helpful!
Caya, thanks a lot for the videos! They are awesome!
There is one aspect I wish you also covered in regards to this topic. If one of the founders worked, let's say 12 months, and hence got 25% of his shares vested.. and then he wants to leave. What happens next? Can he sell the vested shares? If yes, must he sell to other co-founders, or can he sell to 3rd parties? And at what price? And if he sells them to third parties, do those third parties have voting rights in the company? And do such 3rd parties become co-founders?
And what happens to the shares that were not vested? I know that they belong to the company.. but I don't really understand what that actually means. Like are those shares "destroyed"? Or are they distributed evenly between other founders or shareholders?
I'm extremely happy I found this video.
More often than not, a 50/50 equal split isn't the best way to divide up the shares if you ask me, VC's or angels.
It might seem fair, but it isn't. An egalitarian approach isn't the best if you're starting a serious business.
Some founders have much higher opportunity costs by joining your startup, and should be compensated for that.
Similarly, some founders contribute much more to the value of the company, or are expected to.
And don't forget, that some founders can be the unique heart and driver of the whole business, and are much more invested emotionally as well than others who could drop out right after the vesting period.
People are different, so treat them as such, out of respect for yourself and that of your co founders.
Love the video though. You're doing good work!
Well said! Not everyone deserves an equal stock!
Opportunity cost should not necessarily be compensated since that does not help the company. If anything, that may be a liability if they may leave early due to opportunity costs. However if someone is putting more in to the actual company then yea. However this video also gave a good specific way to make things fair and considerate when opportunity costs are not equal. The savings founder can invest and get more shares, while the one without savings also gets a paycheck.
Your videos are amazing! They are in need! Thank you
excellent content, excellent format, high-value stuff.
Thank you!
Learned a lot ! Great video bro 👍
So much knowledge bombs in this video.
Thanks for watching, Michael!
great video on much-needed content/info for first-time co-founders and angel investor!! ;)
Just found your channel. Love love love the content. Very good information
Your videos are amazing 😍 really love them
But when I watch them I get nervous and scared rather than getting motivated 😂
Because I'm starting my own business and it's scary how things could go wrong
Glad you like them! Being scared is part of the ride. We wish you the best!
what is the vest at 3:10
? ı dont know the meaning of thaat word pls someone paraphrase it and give some example clause pls
what if the company consist of 2 co-founders, both 50:50 split and reinvest their salary back into the company, would that just be the same? I.e. it's still 50:50 split at the end of the day
I believe everything you say is solid and pertinent informationbut haven't gone through this partners twice in my life beforehand I would not do it again without a formal signed agreement than an attorney drafted
Unfortunately I must admit only way to protect yourself
your english is awesome man!
Glad you think so!
I appreciate your channel. Very helpful information!
Must read the Partnership Agreement
What to say? Completely agree
Thanks for watching!
Great videos man, I learn so much every time
I threw a concert with my best friends. We ran out of money now we dont talk.
Love the visuals. 😍
Great content here. Really insightful. thank you so much. I subscribed already.
Awesome, thank you! Welcome aboard!
Hello and I have a simple question: what if any founder actually doesn’t do any work but never officially claim to leave. How do define “leave”?.....
A very useful tool is to write a private document defining each founder's tasks. If any of the founders does not accomplish the determined tasks within a certain period of time, they loose their stock in favor of the other founders who did fulfill the assignments. Hope it helped.
Great content. Short & clear!
I have a question about employees shares. How to set it? What happened if it is unused after a period of time
they lapse out. there's a marked exercise period for employees to buy vested shares after which they lapse and add back to share pool of company
Mantapp
Excellent video!
You should present a TV show
Super useful videos! Keep up the good work!
Thanks Lisa! Will do 💪
Your video has helped me so much.... But please I would love a video..on the essential company policies needed to start a company
Please tell if there is some stock administration tool. Looks like it can become complicated really fast.
Great information keep up the good work
In a case where equity is shared between the founding team 2 years into operation, can I please be advised on the validity of the following points as grounds on which to allocate equity:
1. can a co-founder be allocated shares on the bases that they were successful in securing a business grant?
2. in a case where one of the co-founders stands as surety for loans credited to the business, would it be fair for such a co-found to account for the full value of the loans already paid for by the business as contribution towards his/her equity share?
Another helpful video. Great job Caya.
:D
Wow, what precise and useful guidance
Great video and content. Very helpful, thanks for making it.
Glad you enjoyed it!
Solid video bro!
I think splitting the shares also depend upon type of company. If it is a deep-tech product. 50-50 is OK. But if it is a saas based app where sales n marketing is most important 50 to tech cofounder is much larger.
A deep tech product business has product value. A simple app has customer value
Your videos are SUPER helpful and amazing! Thank you Caya + Team. From South Africa...
this is such a good channel!
Thank you so much!
Excellent content for Founders.
It is a great video. I registered at Founderhub. One point I wanted to raise is how to tackle this catch 22 situation of investor not paying for the salary of the founder. I mean what happens to someone like me , who has a day consulting job but thanks to the Covid situation can dedicate his time for his start up as well. If the investor does not pay for the salary of the founder how does the founder pay for his bills
I do have a question, please. I get it that the vesting agreement or clause guards against all of the unsavory issues that may happen should Founder B "leave within the first 12 months or 1 year." But what does "Leaving" mean? Because, other than a formal declaration of his intention to discontinue membership of the company, I think that any behaviour taken as he leaving the company will be subject to judicial interpretation. Please help here. Thanks.
Good Q! Welcome to discuss with other founders or Caya on Discord slidebean.com/startup-cafe
Awesome contents.
Glad you like them!