Honorary Mentions - ... • 1y
Last time we discussed dilution in SHAs. Today, we tackle the Board of Directors (BOD)! The BOD: This group oversees your startup's big picture strategy. The SHA defines how many board members there are and how they're chosen. Why it matters: Having a say in BOD selection ensures someone represents YOUR interests! They can influence crucial decisions affecting the startup's future. What to consider in the SHA: • Board size and composition: Does it allow for founder representation? How many board members will there be in total? • Election process: Do you have a say in who gets elected? Does the SHA outline a fair voting system for board member selection? • Board Removal Process: Does the SHA define the process for removing board members if necessary? Remember: A strong BOD can guide your startup to success. The SHA ensures your voice is heard! Next: Tag-along & drag-along rights - stay tuned! Here is Our Last Post(Dilution): https://medial.app/post/6629fb1dbdf11e638f6198b5
Honorary Mentions - ... • 1y
Starting a startup is exciting, but understanding the shareholder agreement (SHA) is crucial. Today, let's focus on Dilution. What is dilution? Imagine you and a friend each own half a pizza (50% each). If you bring another friend in and share more
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We've covered dilation and the Board of Directors(BOD). Now, let's delve into Tag-Along Rights—An Essential Topic Imagine your startup takes off! A major player wants to buy the company, and your majority shareholder is ready to cash in. But what ab
See MoreHey I am on Medial • 1y
WEALTH REDISTRIBUTION 1. Does WAQF come under wealth redistribution 2. Why was waqf board given lakhs of acres of land over the years? 3. Why does waqf board exist? Can someone plis help me in understanding this. Only curious abt WAQF & wealth redi
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