初创公司切记股权结构不要平均化!
发布时间:2021-10-15 发布人:山东股章浏览次数:1210次 来源:www.guquanzhanlue.com
如果创业团队的5个人同时拿股份,股权结构平均化,在企业发展了一段时间后,大家的贡献可能不一样,平均股权就会带来一些问题;兼职人员由于精力有限,不能全身心投入到工作中,会影响创业团队的效率,而且实操中兼职创业的成功率不高;只出资金,不参与经营的,实则为隐形持股人,在实际操作中弊端太多。
If five people in the entrepreneurial team take shares at the same time and the ownership structure is averaged, after the enterprise has developed for a period of time, everyone's contribution may be different, and the average ownership will bring some problems; Due to limited energy, part-time workers cannot devote themselves to their work, which will affect the efficiency of the entrepreneurial team, and the success rate of part-time entrepreneurship in practice is not high; Those who only provide funds and do not participate in the operation are actually invisible shareholders, which has too many disadvantages in practical operation.

而且如果要做境内上市,一个创业团队从开始创立到上市,一般要经过天使轮→A轮→B轮→C轮,3--4轮的融资,一是可能要稀释10%^20%的股权,二是稀释百分之十几,第三轮又稀释百分之十几,公司每轮出让10%^20%的股份的同时,所有股东同比例稀释股权,基本上到上市时所剩股份就没多少了。而投资人一般都希望初创团队里面大股东能保持不低于60%的股份。
Moreover, if an entrepreneurial team wants to be listed in China, it generally needs to go through angel round → round a → round B → round C, three to four rounds of financing. First, it may dilute 10% ^ 20% of the equity, second, it may dilute more than 10%, and the third round will dilute more than 10%. When the company transfers 10% ^ 20% of the shares in each round, all shareholders will dilute the equity in the same proportion, Basically, there are not many shares left when it goes public. Investors generally hope that the major shareholders in the start-up team can maintain no less than 60% of the shares.
因此建议,初创团队持股人不超过3人,小王本人为初创团队的大股东,占股60%^70%,负责决策,2个全职朋友占股30%^40%,有话语权,辅助小王工作,并能随时提出合理化建议;不建议兼职人员和隐形持股人加入到初创团队中来。如果确需这二位加入,可以在今后以定向增发的形式吸引进来。
Therefore, it is suggested that there should be no more than 3 shareholders in the start-up team. Xiao Wang himself is the major shareholder of the start-up team, accounting for 60% ^ 70% of the shares, is responsible for decision-making, and two full-time friends account for 30% ^ 40% of the shares. He has the right to speak, assist Xiao Wang in his work, and can put forward reasonable suggestions at any time; Part time employees and invisible shareholders are not recommended to join the start-up team. If you really need these two to join, you can attract them in the form of private placement in the future.