This should be mandatory viewing for _any_ new business owner.
@realrea Жыл бұрын
I could listen to Mr. John Richards for hours upon hours upon hours. Clear, informative and authentic. 👌
@cryptoevonow9 ай бұрын
dude he is clear and take notes... you don't listen to it for hours
@balloonartisanАй бұрын
John is the real deal. One of my favorite people on the planet, I have been through his Startup Ignition program 4 times over the past 9 years and it has been life changing for me. He knows what he is talking about and has the battle scars to prove it.
@victorlivingstone4827 Жыл бұрын
Thank you for this breakdown. Just what I needed. I had a terrible experience with my former startup because of this equity issue. Thank God I know better now. Starting out all over again but this time, on a wiser and better note.
@helpmereach10ksubswithnovi96 Жыл бұрын
Morgan Stanley? Nice man.
@namumakwembo2 жыл бұрын
this is one of the most educational videos ,I've run into so far thank you
@chimbamakondo410815 күн бұрын
Very insightful
@patriceken6 ай бұрын
01:38 benevolent dictatorship, primary founder, vision 04:55 65/35 07:10 tech person 10 to 20 07:26 salary 20 to 40%
@dineshchoudhary1978 Жыл бұрын
This is you tube irony, it’s the best video with almost no views, how crazy is that
@GyanRajPrak3 жыл бұрын
Super helpful! It deserves a lot more views than it has got.
@babajideisrael0x4 ай бұрын
Thanks for this video, very timely for me 🙏🏾
@ucheemmanuel49332 жыл бұрын
Thanj you for this man. God bless.
@beautyayawuli5078 Жыл бұрын
Very impactful
@litokoba99762 жыл бұрын
This is gold!!!
@TekapoSativa Жыл бұрын
50:50 is not always a problem necessarily. I had a successful tech startup with a former co-founder. We had a lot of trust between us and decided to split the stock equally. The main problem was that making it 60/40 would make the other feel more disappointed and not truly owning the startup as a team. Further more I think, even in the case that you do 60 / 40 and you totally disagree on the direction of the company, even if one person can make all the decisions on their own, it wouldnt be liked by the other not being involved in the decision. This will still hurt the atmosphere in the founding team. 50 / 50 worked out for us, maybe it's rare, but it worked
@TekapoSativa Жыл бұрын
I also didn't do founder vesting btw, we bootstrapped the startup and got acquired without ever getting VC investment. But it sounds like something that's good to get in place from the start
@cryptoevonow9 ай бұрын
it doesn't work in 99.9% of cases
@williamsandberg-huseby85777 ай бұрын
@@cryptoevonow why
@dasonfranc59682 жыл бұрын
Sir you have all the great and helpful answers, this is definitely come with experience! This is a TOP A video which deserves a lot of credits, 1B thanks to you guys !
@SandalinaEvi Жыл бұрын
Indeed, so helpful! Great to watch this experience!
@BiGEnD059998886 ай бұрын
Not the best advice out there. Getting close to an equal split (within reason) ensures longevity for the company. Saying that equal splits causes issues is just bananas. You want your cofounders (tech or non-tech) to care about the business as much as you do. To mitigate the risk of conflict between immovable parties, you can agree on a specific conflict resolution plan beforehand. This ensures that conflict can be resolved without having an insanely imbalanced split.
@loveanswers32862 жыл бұрын
Thank you. AMAZING! so grateful
@goofwoman4 жыл бұрын
That’s super duper helpful 🙌🏼🙌🏼
@novitafahmi945911 ай бұрын
Wow great video. Super useful. Thank you
@rameshgupta705311 ай бұрын
Great tips and learning 🙌
@CarySnowden4 жыл бұрын
Great interview. Very informative. Nice job!
@HowToStartABusiness4 жыл бұрын
Thank you kind sir and friend 😃
@pjacefilms6 ай бұрын
Holy cow the founder vesting stock tip was 10:00 was so important
@NASASpaceXandAliens11 ай бұрын
Very Informative
@excusemenoexcusemeno16712 жыл бұрын
We really appreciate this awesome information sir!
@Bigeinla Жыл бұрын
Great video. Very helpful.
@vecter Жыл бұрын
10-20% for a tech cofounder for a tech business is laughable. I'd expect a tech cofounder to take $0 salary and at least 40%
@EverythingsByDesign Жыл бұрын
If two shared at minimum 20%+ (20/40, 35/25..) each, then it’s still a majority and allows for 15% to be allocated to future hires and up to another 15% allocated for outside funding, all without equity dilution.
@balaravi38659 ай бұрын
Fvk Cofounders! Only need employees on payroll 😂
@frankie30893 жыл бұрын
Very Helpful!
@fiftyshadesofgrey19912 жыл бұрын
thanks a lot, great advices, very pertinent
@CandiceWilliams_ Жыл бұрын
Thanks so much for the content. I feel like I found a portion of the answer I’m looking for. I really just need a clear answer though. I just got offered a position of CMO as a co-founder and I have been offered 5% of the company but I’m not quite sure what I should ask for or expect as a salary.. because it’s a start up I’m trying to figure out how exactly do I get paid actual money.. 😅I’m afraid to ask because I don’t want to seem nervous and get duped for my lack of understanding. this is my first time stepping into a position like this. I’ve only ever done Marketing and Consulting. this is a whole new world to me. I would really appreciate it if anybody had any answers as to what I should ask for as an initial salary or how I should go about acquiring a payment outside of equity because we are in the pre-seed/seed round so the company doesn’t have much money. What should I ask as far as a salary agreement and expect it to scale overtime?
@cryptoevonow9 ай бұрын
Since this was a year ago, how much did you get in terms of equity?
@zmirc9 ай бұрын
10% for the tech person in a tech startup is not only a joke, but total disrespectful.
@caleballen47214 жыл бұрын
Wow, super informative. I'm taking notes.
@oladipoadeeko6252 жыл бұрын
Thanks for this! 65 to 35
@manvelavetisyanvids2 жыл бұрын
Thank you for all the information! I have a question. If you're 65/35, where does the 15 % come from for the stock option pool? so it's not 65/35 from the 100%, but after the 15% is taken off, so essentially it's 65/35 of 85%, correct?
@pratikchaware09072 жыл бұрын
Each time you raise funding.. there will be dilution in your stake..if ceo and cmo have 65/35.. then if raise another 10% then ceo's and cmo's stake get reduced.
@cryptoevonow9 ай бұрын
maths
@cs1739 Жыл бұрын
if you are wondering if it's too much equity, it probably is
@Coachteach3 ай бұрын
I'm a newbie, can i ask when you vest the founder shares and after a year you collect say your 10%. Do you have to 'exercise' those shares? You have to evaluate your company at some random amount? Or can you just collect them for $0 from some prior founder agreement. Is this where the tax problem and exception he was talking about comes into play? Thanks! I'm from Australia btw if that helps at all!
@cryptoevonow9 ай бұрын
I hope you reply to this... can a Start-up which is raising Seed Funding allow shares in form of equity? Even if they aren't real shares but a valuation which the founders have worked on?
@JakeTeumer11 ай бұрын
I am currently joining a start as a COO with a company that’s only been in business for about eight months. the two founders have put their own money into the company so far without any investors.I will be the main face of the company and running the day-to-day operations. There is not currently any revenue coming in, but we do have contracts lined up how much can I expect for equity? Is 5% too low or too high? My starting salary is about 40% less than what I made it with my previous company.
@cryptoevonow9 ай бұрын
Hope you didn't join or negotiated better salary to match your current
@wahibakamoulcode7 ай бұрын
what does stock option pool means?
@respondo7 ай бұрын
I only wish the one being interviewed was given enough time to stop talking and have the space for thought process before being abruptly interrupted with the interviewer's next need. Just let things flow more. Do not keep interjecting. It's not an efficient way to get the best out of an interview.
@calebplumleeoutdoors8 ай бұрын
This does not seem helpful for people who get together to form an idea and go in equally financially...
@ryanchattertonYT19 күн бұрын
Treat the money as investment separately from the founder equity
@YesWeCan-u9i Жыл бұрын
Very distracting video. Just focus on the interview.