"william...@[EMAIL PROTECTED]
" <william...@[EMAIL PROTECTED]
> wrote:
> Out of the 100% total equity, 5% will be used to raise the initial
> capital.
Only 5% for the people who put up the money? You're kidding, right?
>=A0The company would be organized into strategic, management
> and operational units. =A0I think I can lead the strategic unit...
What's your track record? Realize that unlike in the world of
politics where people can get the top spot without any real
credentials (*cough* Obama *cough*), investors actually expect and
demand their CEO has a long solid track record of leading successful
projects and ever-increasing responsibilities that leaves no doubt
about their ability to do the job.
> The strategic unit will provide vision and leader****p, which would
> have 5% of the stock designated for, given out over a five-year
> period.
>
> The management unit will handle investor relations, accounting,
> database management, server management and promotions,
> which would have 5% of the stock designated for, given out over
> a five-year period.
What? This doesn't make any sense either. You do realize that a
company's CEO is that company's top manager, right? Separating out
"strategic" from management is ... well ... insane actually. That
would work as well as a solo blind marathon runner.
> Under this scenario, by the end of five years, if all units exercise
> their "stock options" to the fullest extent, I will still own 55% of
> the total equity, which still is a controlling interest I think.
You think 55% is a controlling interest? It is. I am just a bit
amazed that you might think it isn't.
> Am I on the right track, or did I miss anything? =A0I would love to
> hear your thoughts.
I would be amazed that you ever get this off the ground. It just
doesn't seem realistic. Someone puts up all the start-up money (not
you apparently) and only get 5%. In reality, it would be more like at
LEAST 50% with you bringing a FANTASTIC track record, business plan,
and experienced management team to the table. And what you're looking
for is essentially venture capitalists who commonly expect to get back
at least twice their money within three years if you seek to buy them
out or they expect you to take the company public and sell off their
stock that way.
Scott Jensen
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