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The NineHertz • 4m

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Sajin

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Foundation • 4m

Cofounded 3, rest are purchased

V

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The NineHertz • 4m

After Purchase, Co Founder.

Sajin

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Foundation • 4m

🤔 But after purchase it can never be founded

V

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The NineHertz • 4m

It can be founded as (Co)

Sajin

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Foundation • 4m

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

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V

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The NineHertz • 4m

Investors are also Secondary Founders.

Sajin

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Foundation • 4m

I invested in Tata, i am founder of Tata 😎

V

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The NineHertz • 4m

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 • 4m

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

V

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The NineHertz • 4m

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

Sajin

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Foundation • 4m

Thats not how it works

V

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The NineHertz • 4m

Then ? Explain with percentage.

Sajin

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Foundation • 4m

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

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Sajin

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Foundation • 4m

In short: Founder or group of Founders (Co-Founders) creates a company, and distributes shares to the shareholders (themselves+investors), and the shareholders appoints the Board of directors (Can be anyone) and the Board of Directors appoints the Head (CEO/MD) who runs the company operations. The initial members who work can be called as Founding members Founder is the creator of the company.

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