Cap Table - Verbal Binding - Printable Version +- Sup Startup (https://supstartup.com) +-- Forum: Startup Forum (https://supstartup.com/forumdisplay.php?fid=3) +--- Forum: Growth Talk (https://supstartup.com/forumdisplay.php?fid=7) +--- Thread: Cap Table - Verbal Binding (/showthread.php?tid=8594) |
Cap Table - Verbal Binding - Albert - 10-25-2022 Cap Table - Verbal Binding Hi, I started a startup six months ago with three advisors, and now we will raise around 500k. During the first month of our startup, I applied for a grant and distributed the equity verbally as follows Me (90%) Other three advisors (3.33%) We never made any agreement or legal binding, but I wrote these figures in the application for the grant. Now two advisors are not contributing at all to the company. How can I restructure the cap table? Do they own any % if there was no written agreement? [link] [comments] |