Re:Ask HN: Giving new co-founder 40% equity at seed round?
by slap_shot on Monday December 28, 2020 @06:39PM
(#25564693)
You should be asking a lawyer, not HN.
If you haven't had a priced equity round, you should be able to sell restricted stock at par value (usually a fraction of a penny). Especially if your _upcoming_ round is a mere 5 million, the business today is probably basically worthless.
If you haven't had a priced equity round, you should be able to sell restricted stock at par value (usually a fraction of a penny). Especially if your _upcoming_ round is a mere 5 million, the business today is probably basically worthless.