How to distribute equity after enterprise financing?
Hello, the answer to the question about how to distribute the equity after your enterprise financing is as follows: Now there are more and more entrepreneurs, and they are getting younger and younger. For startups, a good equity arrangement is undoubtedly crucial. As the chief lawyer, I participated in the investment and financing projects of many enterprises. Today, I will share with you how to allocate equity after financing for entrepreneurs' reference. Ideally, a startup will go through five stages: starting → obtaining angel investment → obtaining venture capital (usually there is more than one round of venture capital, which is called ABC round investment) →-financing (pre-listing financing) → (listing). No matter which stage, equity distribution follows three principles: fairness, efficiency and control. The equity distribution of enterprise financing investors is a very important issue. Although the distribution of equity is mainly based on the capital invested by investors, for some investors who invest in technology, intellectual property or even other ways, they need to be fully evaluated to better determine the specific equity distribution. Take a startup as an example. The founders hold a total of 65,438+000 shares, and angel investors should provide financing. Generally speaking, it is limited to 20-30 shares. Because every step forward means that the original equity is gradually diluted. For the sustainable development of the company, it is necessary to retain the team equity of 15 to attract future core employees. Give angel investors more than 30 shares for the first time. In the later financing process, if the founder is continuously diluted, he will gradually lose control of the company and even be kicked out of his own company like Jobs. Article 71 of People's Republic of China (PRC) Company Law Shareholders of a limited liability company may transfer all or part of their shares to each other. Shareholders' transfer of equity to persons other than shareholders shall be approved by more than half of other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity, and if they do not agree, they shall be deemed to agree to the transfer. Under the same conditions, other shareholders have the priority to purchase the equity transferred with the consent of shareholders. Where two or more shareholders claim to exercise the preemptive right, their respective purchase proportions shall be determined through consultation. If negotiation fails, the preemptive right shall be exercised in accordance with their respective investment proportions at the time of transfer. Where there are other provisions on equity transfer in the articles of association, such provisions shall prevail. If you still don't understand, you can consult the relevant lawyers of Lautu. Com and solve your problems according to your actual situation.