Lonsdale: 8VC caps incubation equity under 50% to align co-founders
Joe Lonsdale · From PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview · Apr 26, 2024 · at 37:56
Joe Lonsdale details the equity structure 8VC uses when incubating new companies to ensure founders retain true ownership and motivation.
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“Like when we start out the build program, our fund might take 20%, and our, and when my team and I might take 10%, so we might have 30 total, and like, maybe 35 or 40, but like, but we have something where it's less than half, and we're very generous with the founders, with the early employees, with the advisors, with the partners, so like, when we start these things, like, just even from the beginning, I don't have to wake up in the morning being the only one worried about this thing.”
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