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Marc Elliott

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Posted By Marc Elliott 01-08-2024 09:16
Found In Egroup: Founders Lounge
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There are no hard and fast rules but there are some guidelines you should follow instead of just arbitrarily hsing a random number like 10 million (which is my experience is much too high). A sensible guideline is to allocate 70 to 80% of your shares to the founders with the balance to go into a pool ...
Posted By Marc Elliott 01-07-2024 12:53
Found In Egroup: Carta Collective
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Long story short, you can't issue grants without board approval. Best practices are having a 409A in place. If the grants were issued without board approval or there was no 409A, you would be better off doing a 409A and reissuing instead of picking a fair market value out of thin air. ------------ ...
Posted By Marc Elliott 12-03-2023 10:34
Found In Egroup: Carta Collective
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Without knowing what your project is and what industry you are working within, it's hard to tell you where to find investors. Generally speaking investors come from 2 pools: either friends, family and/or business colleagues or else organized industry or trade specific groups whose purpose is to connect ...