評論
打印
When should cofounders decide on the equity split?
什么時候合伙人應該決定股份分配呢？
Great question, when should cofounders decide on the equity split?
問得好，什么時候合伙人應該決定股份分配呢？
Uh, for some reason, I've never really been sure why this is,
我一直不明白為什么會有下面的問題
a lot of founders, a lot of cofounders like to ah, leave this off for a very long time.
許多創業者和合伙人喜歡把這個問題拖很久
You know, they'll even sign the incorporation documents in some crazy way,
在成立公司時，他們甚至會用不可思議的方式簽訂文件
so that they can wait to have this discussion.
這樣就可以暫時不討論這個問題了
This is not a discussion that gets easier with time.
但這個問題并不是隨時間而變得容易商討的
Um, you want to set this uh, ideally you know very soon after you start working together.
理想的狀況是在你們開始共事后盡快分配股權
Um, and it should be near equal.
股權應該近似平均分配
Um, if you're not willing to give someone, your cofounder, you know,
如果你不想給某人，你的合伙人
like an equal share of the equity.
一份相等份額的股份
Uh, I think that should make you think hard
我認為你應該好好想想
about whether or not you want them as a cofounder.
你是否想繼續把他們當做合伙人看待
Um, but in any case,
但無論在何種情況下
you should try to have the ink dry on this before the company gets too far along.
你都應該嘗試在公司剛建立不久時就解決這個問題
Like certainly in the first number of weeks.
比如說在公司成立的前幾周
Yes?
請講
Inexperience can be okay uh,
你說員工沒有經驗也可以
but then how do you know if it's gonna be crippling and you fire them?
但之后如何才能知道員工是否拖后腿了，并把他們開除？
That way.
就是這樣
Um, so the question is I said that inexperience is okay.
這個問題是，正如我所說沒有經驗也是可以的
Um, how do you know if that's going to,
那怎么才能知道
you know, I someone is going to scale pass, not scale up to a roll as things go on and later become crippling.
如果某人隨著事情的發展，沒有給公司帶來益處，拖了公司后腿
Um, people that are really smart,
有些人很是聰明的
and they can learn new things can almost always find a role in the company as time goes on.
他們能學到新東西，隨著時間的推移，他們總是能在公司找到立足之地
You may can move them into something else, something other than where they started.
你可以把他們放在不同的工作崗位
Um, you know, it may be that you hire someone to lead the engineering team that,
可能是你招了某人去帶領工程團隊，
over time, can't scale as you get up to 50 people.
之后這個團隊在達到50個人后就不再繼續擴大
And you give him a different role.
你就會給他另外一個角色
Um, really good people, though, can almost always find some great place in the company.
真正優秀的人總能在公司找到屬于自己的位置
I have not seen that be a problem too often.
我通常沒有把這看作是一個問題
What if your relationship with your founder or founders breaks down over time
如果你和合伙人的關系破裂
and you're ready to split equity and everything?
如何分配股份和其他東西？
What's the best way to
最好的解決辦法是什么
All right, so the question is, what happens when your relationship with your co-founder falls apart.
恩，這個問題是說當你和合伙人的關系破裂時怎么辦
Um, we're gonna have a session on mechanics.
我們會在課程最后
At, near the end of the course.
討論技術性細節
But here's the most important thing that founders screw up.
這里就先說一下最重要的一點
Which is every foun, every cofounder of, you yourself, of course, has to have vesting.
也就是說，每個，每個合伙人都想兌現股份
Um, basically what you're doing with cofounder vesting is you're pre-negotiating what happens if one of you leaves.
針對合伙人的股權，要提前商量好如果你們中的一個人離開要怎么做
And so the normal stance on this in Silicon Valley is that it takes four years.
所以硅谷中一般的做法是以四年的時間發放股份
Let's say you split the equity 50 50?
比如說你把股份分成兩半
It takes four years to earn all of that.
要經過四年才能得到全部股份
Um, and the clock doesn't start until one year in.
要一年期滿之后發放一次
So if you leave after one year, you keep 25% of the equity.
所以如果你在一年后離開，你就只有其中25%的股份
If you leave after two years, 50 and on and on like that.
如果你在兩年后離開，就有50%的股份，以此類推
Um, if you don't do that and if you have a huge fallout
但如果你沒有這樣做，一旦公司受到很大影響
and one founder leaves early on with half the company uh,
其中一名合伙人很早離開，帶走了公司一半的股份
you have uh, like this dead weight uh, of the uh, on your equity table.
那么你的資產表將會承受重大負擔
And it's very hard to get investors to fund you or to do anything else
很難找到投資者籌資資金或做其他事
So number one piece of advice to prevent that is to have vesting on the equity.
防止這種事情發生的第一條建議就是提前制定好股份分成
Uh, we pretty much won't fund a company now,
我們現在不會資助
where the founders don't have vested equity vesting equity, cuz it's just that bad.
合伙人沒有制定好股份分成的公司，因為，那樣太糟糕了
The other thing to do is as soon as problems come up in the relationship between the cofounders,
一旦合伙人之間的關系出了問題，這在每家公司都會不同程度的發生
which happens to some degree in every company.
要做的事情就是-
Um, talk about it early, don't let it just sit off there and fester.
早點談談，不要置之不理，讓問題惡化
