jeffrese

My company is about a year old and we are profitable. A VC firm reached out to me and I have a call scheduled with them next week.

What is the VC looking for on that initial call? What do they want to hear? And finally, what should I avoid?

I have a self funded business that is profitable. I recently did my first hire. I gave hime a salary and equity and I need an official document drawn up to cover the agreement. Please send you lawyer recommendations.

Thanks in advance for your help!

I recently brought on a co-founder. I offered a salary and 15% equity with a one year cliff and a four year vest. I have not raised outside funds.

I'm thinking I write a simple document stating 15% equity with a one year cliff and a four year vest and we both sign it and hold a copy.

I'm thinking this will work to cover us both legally until the time of a funding event when we can have lawyers draw up something more official.

Will the simple letter suffice or should I go the lawyer route now?

I'm about to do my first official hire with a salary. I don't want to think about sending paychecks. What is a good service to use? Zenefits?

I have a self funded, profitable business and my first hire, who is also a key hire asked for a co-founder title and equity. The advice I've received on how much equity ranges from 3% to 30%.

A VC friend suggested I create a 409a to come up with a valuation and then I can back into a number for equity. Carta seems to offer this as well as many other useful features for a company that does plan to raise capital.

Any experience with them or any suggestions for a competitor? Bonus for your opinion on how much equity I should give and should I give that title.

I founded a company about a year ago and will do $80k on sales this month and $100k next month. I hired a marketing consultant in April who has done an amazing job and really helped get us to where we are.

I pay him and I am still a volunteer.

He is asking to be made co-founder and get 30% equity.

I have no idea what to do but an acquaintance who is a VC said I should first get a 409a from a lawyer to determine the value of the company then back into an equity split.

Is that premature? Should I just email something like you get X% and co-founder title vesting over four years with a one year cliff?

Bonus question is how much equity do you think he should get?

I started a company this year with the mission to help end metabolic disease influenced by lifestyle. We do this right now by selling ketogenic cookies and teas directly to consumers. The company is Fat Snax, fatsnax.com. I started selling in April and will do $80,000k in sales this month and $100,000k in sales next month.

I hired a marketing consultant in April and he has been integral to our growth and success. My deal with him at the time was a $600 monthly retainer plus 15% commission on sales with monthly contract review and renewal.

He's asking to made a co-founder, given equity and still draw a small salary. My question to you is what is reasonable given that he hasn't put money in, he gets paid, I'm still a volunteer and founded this long before I hired him?

I will be releasing a universal app next month and I already have iPad and iPhone apps in the store for the same app. What is the best way to kill one and have everyone from the other update to the new app?