0 1 SHAREHOLDING How will
we divvy up equity, assign vesting rights, and why? Be quantitative here. It needs to make sense. Don’t just split it equally among friends. You are acting on behalf of the firm’s best interest here.
0T I2ME AND PRIORITIES How
much time will each of us explicitly commit to during years 1, 2, & 3? What are known, acceptable other priorities (and how will we agree to schedule them)?
0D E3LIVERABLES What are our
shared goals for the company? What are each of our SMART milestones and deliverables (as defined in a job description)? What if one of us does not deliver?
0L O4ANS & CASH INJECTION
How much $ will each of us put in? What if we need a cash injection from founders mid-stream? Who pays what, how will we determine valuation, and what happens if one of us can’t pay?
0R E6TIREMENT What if one
of us has an accident, wants to leave or relocate? Needs to take another job to survive? What if that other job is competitive? What if it turns out that we hate each other? What is expected in terms of leaving? How do we deal with shareholder loans & shares?
But know that if you
cannot candidly discuss these hypotheticals and agree upon resolutions when things are good, then something smells fishy!
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DECK & FOLLOW ME (please-oh-please-oh-please-oh-please) http://www.slideshare.net/selenasol/presentations email@example.com http://www.linkedin.com/pub/eric-tachibana/0/33/b53 Please note that all content & opinions expressed in this deck are my own and don’t necessarily represent the position of my current, or any previous, employers