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by nostrademons
3773 days ago
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Yes, and your CEO is clueless. That's not how equity or investment work (you don't "reserve shares" for an investor, new preferred shares are issued and everyone holding common gets diluted). Good investors want to see founders with roughly equal shares; a large discrepancy indicates that some founders are insufficiently incentivized and probably won't be around long. The best way to maintain majority control of the company is to be profitable - percentage ownership means nothing if you're about to go bankrupt and the only way to save the company is to negotiate a deal where the investors get control. Stop hanging out with this loser, build up your technical skills so you have a track record of projects built from scratch that you can show people, and then partner with someone who'll actually value you like a partner. |
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