When to Give StartUp Equity

Giving startup team members equity

• some are not motivated by equity. $ make them work. An experience to make them marketable to other employees make them work.

Adding them to the operating agreement is a hassle and should only be done is someone is gunho and sticking until the project is successful and they have passion for it. Otherwise stay away. It’s better to figure out cash to pay someone as a part-time employee.

Someone is driven by equtiy when they too believe in the vision and will do anything to make sure it is successful.

A person deserves to be the owner if they are willing to do what needs to be done that no one else wants to do.

What it Means to be a Business Owner

“Being a business owner, or attempting to open up a business, or leading people in business is the scariest thing imaginable. And people in the outside world think this is some glamorous job where it’s really easy and it’s not because you’re the last person to get paid. You’re the first person to show up in the morning, you’re the last person to go to bed and when things aren’t right. Nobody gets the credit, but you get the blame. You got in business for a reason because you had something to prove. You got in business for a reason because you believed in you when other people did. Not being a business owner.”

Speaker: Instagram @marcuslemonis

https://www.instagram.com/reel/C2favdRgXV3/?igsh=eGk3ZXdsM3o2NXJy

Journal

• 2024-01-27 Created file