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1. GonnaBeBig is being started by a founding team with four members. The company is set up as an S-core, with 10 million shares authorized.
1. GonnaBeBig is being started by a founding team with four members. The company is set up as an S-core, with 10 million shares authorized. a. As a group, how many shares should they receive? Why? (Your answer should contain the exact number of shares to be given to the founders as a group) b. How would you allocate those shares among the founders? What factors would you consider? (List at least 3) C. Suppose three of the founders contribute $1000 each, but one of them contributes $20,000. How would you treat the cash contributions when deciding how many shares each founder should receive? d. Should the shares vest immediately or over time? Create a vesting schedule that answers the following questions: How long until the shares are fully vested? What will be the frequency of vesting (monthly, quarterly, or yearly)? Is there a cliff and how long until the cliff? Along with a rationale for the vesting schedule. 1. GonnaBeBig is being started by a founding team with four members. The company is set up as an S-core, with 10 million shares authorized. a. As a group, how many shares should they receive? Why? (Your answer should contain the exact number of shares to be given to the founders as a group) b. How would you allocate those shares among the founders? What factors would you consider? (List at least 3) C. Suppose three of the founders contribute $1000 each, but one of them contributes $20,000. How would you treat the cash contributions when deciding how many shares each founder should receive? d. Should the shares vest immediately or over time? Create a vesting schedule that answers the following questions: How long until the shares are fully vested? What will be the frequency of vesting (monthly, quarterly, or yearly)? Is there a cliff and how long until the cliff? Along with a rationale for the vesting schedule
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