16 Comments on “Getting a seed round from a VC”

  1. when one drinks a pot of coffee and decides to make a video. TADA!

  2. THEN* give. Pay them back faster, give them a smaller share of the company, and reason with them that this is your baby. Only give them a bigger share if they plan on pulling some major weight in the longer run instead of resting on the laurels of their initial investment with you, holding that over your head until kingdom come.

  3. In essence I think this kind of thing would be ok, either in a partnership or in a corporation. In a corporation I guess you could just add more shares like Salman says, or, in a partnership you could give an investor a share of the company, either bigger or smaller than your share. It it were me I think I would try to negotiate an accelerated payback arrangement for the investor, out if the first profits that roll in (if any). The give that investor a proportionate share of the company…

  4. corporations have shares, and are separate legal entites. So you would be a shareholder and an employee. LLCs have partners with different percentages of ownership and the partners, and/or their employees, do the work. General partners make the decisions and are more liable, and limited partners are held to a far lesser degree of liability but have less control over the company. Lots of the attorneys you see in big firms that are partners are limited partners.

  5. im starting a graphic tshirt company would this work with out it being a corp can it be a llc or -scorp

  6. thanks guys -the online sock business should become a harvard case study. take care. serge
    question: i'm working on an applied r&d project with a university. they can't put up cash; i haven't any to spare. we believe it can bring efficiency to an inefficient industry business model. who do i touch base with?

Comments are closed.