“She was chairman of the board. She had, uh, voting rights that gave her, you know, something like 90% voting control of the company”
♫
Said on Hard Fork
“They'll have three classes of common stock... Class A investors get one vote per share, Class B founders get two or three votes, Class C employees have no votes.”
Entrepreneurs on Fire · How Entrepreneurs Can Raise Capital, Navigate Securities Laws, and Scale Confidently with Gilbert J. Bradshaw
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6:01
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What was described
Set up company capitalization with multiple classes of stock (Class A for investors with 1 vote, Class B for founders with 2-3 votes, Class C for employees with no votes) to allocate voting power and tax benefits
Said nearby on the same subject
“They had what was called upper class and this is first class treatment at a business class price … chauffeur driven to the airport … better food … friendly cabin crew”
RB
Richard Branson
Great Business Stories ·
“They won't have the right classes of stock... they'll have 1,000 shares of common stock and issue all 1,000 to the founder, then have to recapitalize.”
♫
Said on Entrepreneurs on Fire
“You need somebody who is really voting for you… You should back this guy with money… there would have been no AKO capital without him.”
♫
Said on In Good Company with Nicolai Tangen
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