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bobrovnikov2012-08-24 15:42:47
Startups
bobrovnikov, 2012-08-24 15:42:47

Setting a non-circular amount of interest on the investor's share?

Let's say my investor is asking for a 40% stake in a startup. What objective arguments can I make to convince him to set his stake at 39%?
The idea is not to squeeze out 1%, but to prevent his share from reaching a certain “milestone”. For example, Mail.ru Group owns a 39.99% stake in Vkontakte. Surely there is a strategy behind this?

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Roman Sopov, 2012-08-24
@sopov

It is better to dilute the shares so that the founders have 2/3%% of the shares, and the rest of the investors. This gives you the right to vote.
But here everything depends on the Charter… anything can be written there. IMHO.

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Sergey Eremin, 2012-08-26
@Sergei_Erjemin

Any argument. In general, how significant these 40% are is prescribed in the charter and contract. You can, for example, prohibit selling these 40% or selling more expensive (cheaper) than ... So you need to look not at %% shares, but at what can really be done with these percentages and what, besides money, you can get for the transferred share.

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Puma Thailand, 2012-08-27
@opium

Some garbage you said, read the laws on the charters of companies, LLC and OAO.
Well, with the presence of the Internet, asking such questions is simply not correct.

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