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Expert
MenuBrian Slawin Portfolio Manager at Ben Franklin Tech PArtners
Startup mentor, advocate for entrepreneurs, tech, finance and operations executive with significant startup (to exit) and F500 experience. | Cycling relaxes me, Big ideas inspire me, Curious about everything else.
Areas of Expertise
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$2/min per minuteNew ArrivalBusiness Formation, Funding and Growth.Brian Slawin • Erie, PACreated 9 years ago in Business / Getting StartedBrian Slawin Erie, PANew Arrival -
$2/min per minuteNew ArrivalIs Your Company Getting Caught in the Squeeze?Brian Slawin • Erie, PACreated 9 years ago in Business / Getting StartedBrian Slawin Erie, PANew Arrival -
$2/min per minuteNew ArrivalHow Non-Technical Founders Can Guide Their Technical Team?Brian Slawin • Erie, PACreated 9 years ago in Product & Design / Product ManagementBrian Slawin Erie, PANew Arrival
- Answers 1
Hi there. First, congratulations on thinking ahead of the need...so many of the companies I work with are 'passion first' projects and they forget that ultimately, they're trying to build a company and need to think about that structure in the beginning.
It's my experience that founders should set aside about 20% of their total shares for an 'employee pool'. That leaves you with the balance and you can raise 3 rounds (F&F, Seed and A) before you'll be diluted below 50% (and there's a way to handle the voting control even lower than that).
As you bring on your C-level folks, they'll be awarded 3-5% vesting over a 3-4 year period with a 1 year cliff. That's reasonably a standard way to handle things but of course, every situation can be different.
Again, congrats on your desire to go for it and best of luck!
Brian Slawin
Portfolio Manager @ Ben Franklin Technology PArtners
