The key point of equity structure design: control.
Everyone attaches great importance to control. Will the founders pay special attention to whether the ownership structure design will cause the founders or core entrepreneurial teams to lose control of the company? Of course, if it is only a matter of control, then the company 100% founder holding or founding team holding can be perfectly solved. Actually, there will be a balance of various factors. It is not 100% holding that is the best shareholding structure, and many factors of the company should be considered.
Key points of ownership structure design: intensive.
In the initial stage of starting a business, even in the whole process of starting a business, we can obtain financing, attract talents and obtain other resources through the decentralization or transfer of equity, and then pool the resources of all shareholders to create greater motivation for the company, which is necessary for starting a business.
The key point of equity structure design: balance.
The control right of equity and the function of intensive resources will conflict in many cases, so another element of equity structure design is to find the balance between them. We can see that the development of many large companies can achieve such great success, which has a great relationship with the adoption of appropriate structural methods in the design of equity structure, which can balance the interests of shareholders reasonably.
These three elements are to meet three needs: first, the needs of the founding shareholders to control the company; Second, all parties face the demand for intensive resources. This demand may often have some frictions and contradictions with the needs of founders or some shareholders; The third is to balance demand. It is necessary to balance the interests of the company and shareholders, major shareholders and minority shareholders, management team and shareholders, as well as the interests of strategic investors.
What kind of company ownership structure is the best? There is no uniform answer to this. The founder of each company may have his own ideal shareholding structure, but it may also be due to initial investment, financing, introduction of technical talents and other reasons. In the end, it's not what he imagined. Ownership structure is formed in the process of continuous evolution, compromise and change. In reality, the company structure is much more complicated. Besides controlling the company by controlling the voting right at the shareholders' meeting, there is also the control right of the board of directors and management.
Therefore, the design of the company's equity structure revolves around these three points, but it is not limited to these three points. It is necessary to design the best equity structure scheme that meets the requirements of our company according to the actual situation. At this time, we need to spend more time learning equity knowledge.