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And lastly, a chunk of our CEO Reid Hoffman’s equity was attributed to the fact that he provided the initial ~$750K in seedcapital for the company. For most software and internet startups, the hard IP coming in isn’t usually an issued patent, which is obviously different for biotech or other kinds of startups. Ideation/IP.
We agree on an equity split, vesting, and initial compensation structure. We agree that upon raising capital, each team member will earn $X, perhaps with an automatic bump to $Y upon achieving agreed-upon milestones. Once we’ve executed all the steps above, we go to VCs and raise seedcapital of $1-2m. Sounds great!
And lastly, a chunk of our CEO Reid Hoffman’s equity was attributed to the fact that he provided the initial ~$750K in seedcapital for the company. For most software and internet startups, the hard IP coming in is usually isn’t an issued patent, which is obviously different for biotech or other kinds of startups.
We agree on an equity split, vesting, and initial compensation structure. We agree that upon raising capital, each team member will earn $X, perhaps with an automatic bump to $Y upon achieving agreed-upon milestones. This work is unpaid, as with any other startup at the pre-seed stage. See Ready to Join a New Management Team?
And lastly, a chunk of our CEO Reid Hoffman’s equity was attributed to the fact that he provided the initial ~$750K in seedcapital for the company. For most software and internet startups, the hard IP coming in is usually isn’t an issued patent, which is obviously different for biotech or other kinds of startups.
Instead of spending 4 years at university, I spend 4 years starting 2 internet companies that failed. What is the first step in creating an internet-based business (After planning) ? Where do you think the internet is taking us for the future? We are raising seedcapital, but would like to have a US tech investor.
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