Startup lawyer @howell_legal addicted to empowering entrepreneurs in RI and beyond. Consumer of big ideas, Americana music, hops, rugby, football and dad jokes.
Oct 3, 2019 • 11 tweets • 5 min read
🔥 Some words of caution for founders thinking about using @YCombinator Safes
THREAD...
#DisruptSF#FounderFriendlyStandard@ycombinator 1/ If you want to run your company for a long time, you’ll need control. You’re unlikely to lose control if you can maintain ownership of 80 - 95% of your company. If you’re down to 40 - 55% of your company after your first round of financing, control can slip away fast.