初創公司切記股權結構不要平均化!
發布時間:2021-10-15 發布人:山東股章瀏覽次數:735次 來源:www.newadnetwork.com
如果創業團隊的5個人同時拿股份,股權結構平均化,在企業發展了一段時間后,大家的貢獻可能不一樣,平均股權就會帶來一些問題;兼職人員由于精力有限,不能全身心投入到工作中,會影響創業團隊的效率,而且實操中兼職創業的成功率不高;只出資金,不參與經營的,實則為隱形持股人,在實際操作中弊端太多。
If five people in the entrepreneurial team take shares at the same time and the ownership structure is averaged, after the enterprise has developed for a period of time, everyone's contribution may be different, and the average ownership will bring some problems; Due to limited energy, part-time workers cannot devote themselves to their work, which will affect the efficiency of the entrepreneurial team, and the success rate of part-time entrepreneurship in practice is not high; Those who only provide funds and do not participate in the operation are actually invisible shareholders, which has too many disadvantages in practical operation.
而且如果要做境內上市,一個創業團隊從開始創立到上市,一般要經過天使輪→A輪→B輪→C輪,3--4輪的融資,一是可能要稀釋10%^20%的股權,二是稀釋百分之十幾,第三輪又稀釋百分之十幾,公司每輪出讓10%^20%的股份的同時,所有股東同比例稀釋股權,基本上到上市時所剩股份就沒多少了。而投資人一般都希望初創團隊里面大股東能保持不低于60%的股份。
Moreover, if an entrepreneurial team wants to be listed in China, it generally needs to go through angel round → round a → round B → round C, three to four rounds of financing. First, it may dilute 10% ^ 20% of the equity, second, it may dilute more than 10%, and the third round will dilute more than 10%. When the company transfers 10% ^ 20% of the shares in each round, all shareholders will dilute the equity in the same proportion, Basically, there are not many shares left when it goes public. Investors generally hope that the major shareholders in the start-up team can maintain no less than 60% of the shares.
因此建議,初創團隊持股人不超過3人,小王本人為初創團隊的大股東,占股60%^70%,負責決策,2個全職朋友占股30%^40%,有話語權,輔助小王工作,并能隨時提出合理化建議;不建議兼職人員和隱形持股人加入到初創團隊中來。如果確需這二位加入,可以在今后以定向增發的形式吸引進來。
Therefore, it is suggested that there should be no more than 3 shareholders in the start-up team. Xiao Wang himself is the major shareholder of the start-up team, accounting for 60% ^ 70% of the shares, is responsible for decision-making, and two full-time friends account for 30% ^ 40% of the shares. He has the right to speak, assist Xiao Wang in his work, and can put forward reasonable suggestions at any time; Part time employees and invisible shareholders are not recommended to join the start-up team. If you really need these two to join, you can attract them in the form of private placement in the future.
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