發布時間：2021-06-21 發布人：山東股章瀏覽次數：677次 來源：www.newadnetwork.com
1. Try not to do equity financing when the company encounters development bottleneck
For enterprises, a good time for equity financing is when the company is on the rise, not when the company is in trouble or meets the bottleneck of development. If the enterprise is in the bottleneck period of development and talks about financing with investors at this time, investors will feel that the company is very short of money now, and it is easy to make a big opening on the issue of equity. This will put the entrepreneur in a disadvantageous position in the negotiation, and also lead the company to pay a high price to obtain financing.
2. Increase the premium multiple as much as possible
In order not to lose control, the founder can ask for premium financing. When the development of general companies is in the early stage of rising, the premium can reach 2 ~ 3 times. For example, if the company's share price is 1 yuan per share, the additional share price for investors can be 2 yuan or 3 yuan per share. In this way, if the shares also account for 10%, investors need to pay 2-3 times as much money to invest. In the stage of rapid development of enterprises, equity financing can be carried out at a higher premium, which can reduce the financing cost of founders as much as possible.
3. Implement AB share mechanism
In order to ensure their control over the enterprise, entrepreneurial team can implement AB share mechanism in equity financing. The AB share mechanism is to divide the shares into a and B classes, and the class A shares are given to the external investors. When this class of shares implement the voting right, one share is worth one vote; The shares in the hands of the company's founders are class B shares. When class B shares are implemented with voting rights, one share is worth 10 votes, which ensures the control of the founders to a certain extent, and the founders can still continue to control the fate of the company. Of course, the premise of implementing the AB share system is to comply with laws and regulations. According to the relevant provisions of the company law, limited liability companies can have the same shares with different rights, while joint-stock companies need the same shares with the same rights. Therefore, we must pay attention to the nature of the company when implementing the AB share mechanism.
4. Don't let investors hold a large share in the initial stage of entrepreneurship
In the early stage of enterprise development, the shares given to angel investors should not be too high, otherwise it will make the follow-up development of the company powerless. If the investor's share is too high, it will dilute the founder's shares to a certain extent. In the future development, the company should not only set up equity pool, but also have several rounds of financing. In this way, the equity of the founder of the enterprise will be continuously diluted, the control right will be naturally affected, and the founder will have the risk of losing the control right. Therefore, when giving investors shares, we must control the shares within 30%.
It's not easy to believe that this kind of taste is not good. As an entrepreneur, it is necessary to understand that in the early stage of entrepreneurship, the proportion of shares is more than 67%, so as to better control and avoid the tragedy of changing owners.