In the Entreprenuer class, they share the ideal capital structure for a large company.

20-30 percent for founders

20-30 percent for employees and seed capital investors

50 percent for 2nd to 5th rounds of funding (5 rounds ussually is bad)

However, in starting businesses, they suggested building incentives into the capital structure. For example, give founders and employees stock options that they can only buy if they perform at a certain level or stick with it for a certain amount of time. They talked about Phantom stock that only those who are with the company at the time of harvest can capitalize on it.


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