If you are the sole founder in a tech startup, is it appropriate to take more than 51% of equity? Does it protect you from things like dilution? Of course your stock is preferred stock. Still, are you vulnerable with only 51%?
I'm not concerned about dollar value; 51% is plenty! I'm asking, does it give you more security to have more than 51%? Of course you leave the rest for funding and stock pools for early hires, etc. Thank you for any replies.
If you're a founder and CEO of a startup in its early stages and you land capital, is it common practice to pay yourself a small salary from the investors' capital? Say forty thousand a year. Something small. Is this common practice and considered okay?
Thank you so much in advance for any replies.
Hello Startup Nation.com, a quick question about which state you incorporate in.
Suppose you are starting a tech company in Boston, but you will likely end up in Silicon Valley.
What if you first incorporate in Massachusetts, then move your business to California, will that likely cause complications? Does this sometimes happen?
Thank you so much for any replies.