From what I understand Y-Combinator assists startups with incorporation. A Delaware C-Corp is pretty standard to allow Common shares for founders and preferred shares for Venture Capital firms. Although their are a few questions here.
First the set par value and amount of stocks they usually create in the articles of incorporation? Standard here is about 0.0001 and 1+ million, what does Y-Combinator do?
And when the founders buy their founders shares, do they purchase it at the par value?
And finally do they set it up so the founders have a vesting period? Is 4 year per monthly vest?
These is pretty specific questions not sure if anyone here will know the answers. Thanks.
First the set par value and amount of stocks they usually create in the articles of incorporation? Standard here is about 0.0001 and 1+ million, what does Y-Combinator do?
And when the founders buy their founders shares, do they purchase it at the par value?
And finally do they set it up so the founders have a vesting period? Is 4 year per monthly vest?
These is pretty specific questions not sure if anyone here will know the answers. Thanks.