ecome: "Do you think his contribution can double your
chance of success?"
Hope that helps.
From: Elias Bizannes
Sent: Friday, October 02, 2009 10:21 AM
To: silicon-beach-australia@googlegroups.com
Subject: [SiliconBeach] Re: Startup shares... how to divide up a company...
The blo
The blog venturehacks has a ton of advice on things like this.
http://venturehacks.com/articles/debt-or-equity
More here: http://venturehacks.com/archives
You're better off with $100 in coffess with entrepreneurs than $100 in a
lawyers billable hour (if you're that lucky). Work out what you want
For info, the Australian book "Enterprise and Venture Capital", Golis
et. al. provides an excellent overview of these alternatives.
I read the 4th edition cover-to-cover and loved it, except some of the
information was old (2002).
The 5th edition was recently released though (2009).
Google books
I don't disagree with any comments gone before but why don't you go for a
convertible note that becomes an X% discount off series A?
At that stage the value is slightly less subjective because its gone from
idea to substance (even if its raw).
So that comes back to the question, what is X? I'd arg
I would say seeking legal advice at this stage is completely useless.
Unless of course the lawyer handles early stage financings on a day to
day basis and is happy to share recent valuation data.
It's very hard to say if 85/15 or 50/50 split is fair to either side
because you've declined to discl
Isaak,
Seek legal advice...I have attended to so many clients who got
improper advice from friends and open forums, who have lost their hard
earned investments in products/projects and have no action to recoup
their loss.
As a contributor of SB, I suggest seeking professional help. The fina
Sent from my iPhone
On 01/10/2009, at 11:59, Isaak wrote:
>
> So here's the story. Im now to the stage of having a product or idea,
> and about to get it further developed and bought into the light, I
> have found someone to help fund it, but what I can't decide on is the
> split of the compa
Isaak,
Il address the last part about being future proofing it. Short answer
is that it is not possible. The amount of dilution of your existing shares
will depend on the clout and leverage that your new funding parties bring
in. It will also ofcourse depend on how badly you need the funds
