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I believe ownership is really important for founders. You need to create a stock plan and reserve equity for you and your co-founder, but don't give yourself too much equity.
You want to be shopping your business around at an accurate fair market valuation as you raise.
You want to be shopping your business around at an accurate fair market valuation as you raise.
These days, I have to reference and organize our cap table consistently, especially as we raise, I need to do scenario modeling, I need to ensure our cap table makes sense, especially for our investors and for our team.
As we hit milestones I even have to adjust a few things.
As we hit milestones I even have to adjust a few things.
It's a lot of work to take on, but I love doing it for our team and ensuring our investors and advisors understand what's going on with the business.
So really be mindful of your price per share in the early days.
how you raise now will affect how you trade in the future.
how you raise now will affect how you trade in the future.
