發布時間：2021-08-17 發布人：山東股章瀏覽次數：678次 來源：www.newadnetwork.com
In start-ups driven by human capital / Internet asset light, the scientific ownership structure is basically to meet the demands of these four core categories of people in the early stage:
From the founder dimension
In essence, the demand is control, so the founder's control must be taken into account when designing the ownership structure in the early stage, and there is a relatively large equity (it is generally recommended to be 2-4 times the average shareholding ratio of partners)
As a follower of the founder, the partners / CO founders must have highly consistent values based on the partnership concept. As one of the owners of the company, partners hope to have a certain right to participate and speak in the company. Therefore, in the early stage, we must take out part of the equity to share equally (this part of the equity basically accounts for 8% - 15%)
From the perspective of core employees
Their demand is the dividend right. The core employees play a vital role in the rapid development stage of the company. In the early stage of equity structure design, this part of equity needs to be reserved. When the company is in the rapid development stage, the options can be used in a real sense (it is generally recommended to dilute and reserve 10% - 25% in the same proportion after the initial distribution).
From the perspective of investors
Investors pursue high net worth return. For excellent projects, their demands are rapid entry and rapid exit. Therefore, to a certain extent, the priority liquidation right and priority subscription right required by investors are very reasonable demands. The founding team still needs to understand these demands to a certain extent.
In the era of human capital driven entrepreneurship, we should not only think about the proportion of equity, but also make systematic design around equity.