Beans targets 50.1% control while allocating 20.5% of equity for fundraising
Eric Beans · 776: TextingBase Shares Margins, Cap Table, Valuation, More · Sep 8, 2017 · at 13:34
Eric Beans, founder of TextingBase, breaks down his cap table and equity targets with Nathan Latka.
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“You know, I've kind of set my minimum at 50.1. I know it's fairly useless because you have voting shares and you can keep control that way. So, so I'm aware, but that's sort of my target. I have about 20.5% of the company available for a capital raise right now, and the rest is allocated to investors and the people that are building the product. Everybody building the product owns part of the part of the product.”
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