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Andrew Medal

Bootstrap Hacker, Entrepreneur, GetShitDoner.

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Bootstrap Hacker (http://bootstraphacker.com). Founder (Digital Disruptive, http://disruptseo.com). CoFounder multiple startups: current: Intanib.ly (http://intangib.ly), FiSi (Fuck it Ship it Idea Incubator), Colabo & InventedX. Author, Hacking the Valley (http://hackingthevalley.info)

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Founding

As a solo founder can I create "Founder Shares" to keep negotiations w/ potential co-founders just about equity (not control)? Potential downsides?


Andrew Medal

Bootstrap Hacker, Entrepreneur, GetShitDoner.

Simple answer: For now, use an LLC. That way rather than having control be about majority/minority shares, etc. You can spell everything out in the Operating Agreement. Obviously, when you take on capital you'll most likely transfer assets to "Newcorp," which should generally be an Scorp, but it does away with the obstacles you're facing. I've done this multiple times successfully.

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Start-upsWeb developmentLean StartupsLanding Page OptimizationMobile AppsCopywritingBootstrapping your businessProject ManagementDigital Marketing StrategyCapital Raising