My partner and I currently run a website and we both have a 50 percent stake. Some investors want to come on board and also want to help us promote it. In return they would get a smaller equity stock in our company. Where could I find the resources to make this work/legal?
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There are many blogs on the topic; my favourite are venturehacks, avc and startuplawyer. Also YCombinator has published some standard documents for series A funding. You have to read all of them to understand the terminology and common risks. Unfortunately (because it costs money), you will still need to hire a lawyer to write the contracts, or check that the contracts proposed by your investor doesn't contain entrepreneur-unfriendly clauses. |
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If I understand your question correctly then venturehacks is a useful resource. (Specifically the archives) |
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