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The NineHertz • 10m

[This post has been deleted by the creator]

Sajin
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Foundation • 10m

Cofounded 3, rest are purchased

V
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The NineHertz • 10m

After Purchase, Co Founder.

Sajin
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Foundation • 10m

🤔 But after purchase it can never be founded

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The NineHertz • 10m

It can be founded as (Co)

Sajin
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Foundation • 10m

No bro founder means 1 founder, Cofounder is used when there are secondary founders. Elon was neither he was an investor and aggressively made others public reveal him as another founder, just like how did in Tesla. PayPal founder Peter Thiel didn't

V
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The NineHertz • 10m

Investors are also Secondary Founders.

Sajin
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Foundation • 10m

I invested in Tata, i am founder of Tata 😎

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The NineHertz • 10m

Shareholders representing at least 5% of the paid up share capital can require the company to call a General Meeting 🤝🏻

Sajin
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Foundation • 10m

But that doesnt make them a Founder. Founder of Tata is and was always Jamsetji Tata, and it can not be changed

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The NineHertz • 10m

You = Secondary Founder If you have more than or equal to 5%

Sajin
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Foundation • 10m

Thats not how it works

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The NineHertz • 10m

Then ? Explain with percentage.

2 Replies

Replies (2)

Sajin
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Foundation • 10m

Bro founder has nothing to do with percentage. Founder is only about finding the company. Founder is not a legal position like Chairperson, CXO, Director etc. Percentage is not used to identify a founder, it is used only for shareholders. Shareholder isn't a legal position either, it just shows ownership. A company is run by CxO or Board of Directors controlled by Chairperson/CEO/MD. They do not have to have any ownership, they are appointed by shareholders Founder is a word used to identify who created the company. Even a person with 0.01% can be a founder if he started the company. Whoever didnt start it, is not a founder. For example, Christopher Columbus is the founder of America to the Eastern world. But he had 0% ownership

2 Replies

Ishant Sharma

What tagline? • 9m

if you have more than 5% of the share of a company then company needs to make it official & now you can get the power to sit in board Direct meeting. and founder & co founder things end after seed round. you can only become co founder before seed round

1 Reply

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