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Introducing the Cap Table and Hiring the CTO

Feld Thoughts

As Finance Fridays continues, we are introducing the concept of the Cap Table. Jane and Dick, our fearless cofounders of SayAhh, have set up an accounting system and created their first set of financial statements. This week they set out to create their cap table and hire a CTO. Time to update the cap table.

Cap Table 133
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How to pick a co-founder

venturehacks.com

Two founders works because unanimity is possible, there are no founder politics, interests can easily align, and founder stakes are high post-financing. He can be technical, but he must be able to wield the tools of influence. Technical founders who don’t sell also use bad proxies (&# Harvard MBA!&# ). Date first.

Cofounder 101
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Founder's Dilemmas: Equity Splits

www.startuplessonslearned.com

For example, most entrepreneurs know that the most successful entrepreneurs - from Bill Gates to Jeff Bezos - kept tight control over their companies. Having seen these dilemmas derail countless startups, I wish every entrepreneur and prospective founder would read this book." - Eric. But such a best-case approach is hazardous.

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Should You Share Equity with Consultants?

www.inc.com

Finance | Tuesdays. Entrepreneur news from reporter Eric Markowitz. Advisor. ); STARTUP. Financing a Small Business. Financing A Small Business. Personal Finance. That cost him accounting fees, legal fees, and time because the financing round couldnt close until the arrangements were formalized.