Financial Backing

February 22, 2016

Lessons from Mark Zuckerberg: How to draw the line when asking for financial backing and not give up control of your startup

Source: StartupSmart How much equity to give away is one of the main concerns of entrepreneurs raising capital and rightfully so – as a startup founder, you don’t want to be fired from your own company by investors who get on board after a round of funding. ADVERTISING inRead invented by Teads And cases like this are not a rarity. Control is more important than equity share One of the mistakes first-time entrepreneurs make is believing equity share and control over the company are synonymous. They believe that in order to stay in charge of their startup they need to own at least 51% of the equity. That’s a false belief. Mark Zuckerberg owns 24% of Facebook, yet he’s in […]