great video I had a few questions. 1) how do you get back to owning greater than 50% of of the company? At this rate you don't have deciding control of the company.
@timlcooley 2) Lets assume the second company evaluated the company at 1 Million and wanted 50% ownership. Based on $1 per share: you would have to give them 500,00 shares. You would still have to give the original loan company 550,000 shares. Now, you don't have that many shares to give. Also at this point you don't have any ownership of your company. How would this work? 3) what if you never need a second investor?
I have researched through Venturehacks, entrepreneur-com, Quora and others, and your information is always the best. Your explanation of Convertible Debt is excellent.
great video I had a few questions. 1) how do you get back to owning greater than 50% of of the company? At this rate you don't have deciding control of the company.
timlcooley 2 months ago
Comment removed
timlcooley 2 months ago
@timlcooley 2) Lets assume the second company evaluated the company at 1 Million and wanted 50% ownership. Based on $1 per share: you would have to give them 500,00 shares. You would still have to give the original loan company 550,000 shares. Now, you don't have that many shares to give. Also at this point you don't have any ownership of your company. How would this work? 3) what if you never need a second investor?
timlcooley 2 months ago
@timlcooley 4) how would you go about all of this if you wanted to maintain a controlling body in your company?
timlcooley 2 months ago
I was able to understand everything from start to finih by just watching this video once. Great teaching skills!!! thx
pauldexteryoung 2 months ago
F**king Life-saver!!... I'll remember you when I make ma first billion son
GMoNey9750 3 months ago
Great crash course
FloridaCarClubcom 4 months ago
Excellent video. this crash course immediately helped me negotiate a better deal.
ferchopo 8 months ago
I have researched through Venturehacks, entrepreneur-com, Quora and others, and your information is always the best. Your explanation of Convertible Debt is excellent.
schstu 8 months ago
Very informative, thank you!
seanswild 10 months ago