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How to get preferred stock
in your own startup
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Good Morning Friend!
Last post, I wrote that entrepreneurs should assume that 90% of VC-backed startups are a total loss for the entrepreneur. I specifically said that, as you set out as an entrepreneur, it is important to remember that, until the day that you either sell to a big acquirer (for many times the invested capital) or you do an IPO, you should consider that common stock is worth zero. I suggested that you should make sure to get some preferred stock any legitimate way you can. This week I have some ideas on how to do exactly that!
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Last post, I wrote that entrepreneurs should assume that 90% of VC-backed startups are a total loss for the entrepreneur. I specifically said that, as you set out as an entrepreneur, it is important to remember that, until the day that you either sell to a big acquirer (for many times the invested capital) or you do an IPO, you should consider that common stock is worth zero. I suggested that you should make sure to get some preferred stock any legitimate way you can. This week I have some ideas on how to do exactly that!
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Here's to Entrepreneurship!
Nicole and the VentureWrench Team
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