Decoding Equity And Convertible Notes - Startups 101

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  • เผยแพร่เมื่อ 28 พ.ย. 2024

ความคิดเห็น • 762

  • @slidebean
    @slidebean  4 ปีที่แล้ว +6

    Last year, companies using our pitch decks raised $300M+ in venture capital.
    Here's how we can help you ►slidebean.com/?

    • @lekantaiwo
      @lekantaiwo 4 ปีที่แล้ว +1

      am trying to find a book you posted that has directories to american investors

    • @lamaalzahrani984
      @lamaalzahrani984 4 ปีที่แล้ว

      lekan taiwo is there any book like so? Please help

    • @abdulsiyanbade2828
      @abdulsiyanbade2828 ปีที่แล้ว +4

      unless I misunderstood this, I think there's a mistake at 12:00. I believe Gus should be 75,000 shares while Madigral would then be 21,500 shares. Great content though! Learned a lot here.

    • @ahmedcine
      @ahmedcine ปีที่แล้ว

      AbdulSiyanbade, I thought so, too. Excellent content, all the same.

  • @optionstrader1939
    @optionstrader1939 4 ปีที่แล้ว +233

    I’m a VC/IPO/M&A lawyer and was looking for some easy videos to explain startups, VC funding, etc. to my 18 year old daughter who is beginning business program at college. This video and this entire series is excellent. I also used to teach this stuff at MBA/Law school and explaining these things in a concise and easily understandable way is not all that easy. Great job to the Slidebean guys. And yes, as you mentioned in another video, what you have done with your company and technology is amazing even if you did not displace PowerPoint, etc. Congrats on your success and on eventually figuring who you really are and what your market is. Sadly, most tech entrepreneurs never make it that far.

    • @slidebean
      @slidebean  3 ปีที่แล้ว +3

      Thanks! :)

    • @techie2103
      @techie2103 3 ปีที่แล้ว

      @@slidebean hi can you explain about class a shares vs class b shares ?

    • @tetroblanco3509
      @tetroblanco3509 3 ปีที่แล้ว

      How can I reach you if I have a possible Unicorn Startup

    • @captainkip4624
      @captainkip4624 3 ปีที่แล้ว

      Man isn't that the truth. It took us 3 maybe 4 years to figure out who our customer was.
      This an excellent knowledge transfer throughout the series and highly recommend them.
      I also started playing with the app. There is a lot of potential here.

    • @optionstrader1939
      @optionstrader1939 3 ปีที่แล้ว +4

      @@tetroblanco3509 Hi. Sorry for delay in replying. I dont use TH-cam all that much so I just saw this. Unfortunately I’m way too busy to help any more companies, but I appreciate you thinking of me.

  • @fumbio2718
    @fumbio2718 5 ปีที่แล้ว +311

    This feels like a MBA class in 15 mins brilliant

    • @cayahere
      @cayahere 5 ปีที่แล้ว +16

      Fumbi O funny thing is… I didn’t even study business.

    • @ogorchukwuofili7319
      @ogorchukwuofili7319 4 ปีที่แล้ว +1

      Tbh!

    • @blanche1935
      @blanche1935 4 ปีที่แล้ว +3

      Caya I am studying business, but honestly you don’t have to. Specially, when you have previous experiences of founding companies such as your case. In fact, your experiences in this channel are invaluable and it’s something that I have not acquired from any classes. So thanks a lot for the content! :)

    • @ibukontraktor-taqwaproperty
      @ibukontraktor-taqwaproperty 4 ปีที่แล้ว

      No it doesn't.

    •  4 ปีที่แล้ว +1

      @@cayahere sir this channel is a damn gold mine of knowledge. I m not even 18 but damn this one and channels like economics explained makes me get into finance right away. Thanks a lot for such great videos

  • @soultanapapadopoulou2931
    @soultanapapadopoulou2931 3 ปีที่แล้ว +31

    I'm just stunned by the amount of information your video conveys, things that my four years Bachelor failed to explain in such a simplified and structured way.

  • @kishalayray7570
    @kishalayray7570 5 ปีที่แล้ว +83

    You are the only one who is delivering these valuable contents on TH-cam love and thanks from India

  • @quanlynique
    @quanlynique 3 ปีที่แล้ว +1

    This is beyond wonderful. I actually understand this. I paid a lawyer to break this down and the lawyer didn't even know what they were looking at. This now helps me with making my decision on signing a contract or passing. Thank you so much.

  • @chrisbaumann6850
    @chrisbaumann6850 4 ปีที่แล้ว +6

    Great content Asma'a - apreciated! Just to correct 11:59: Walter/Jesse: 500.000;45.6% //Gus 75.000;6.84%//Madrigal 21.500;1.96%

    • @Cornerstone4684
      @Cornerstone4684 3 หลายเดือนก่อน +1

      Exactly! Great video and clear explanation but I repeated the maths and he need to correct so Gus: 6.8% & Madrigal: 2%

  • @ayanda1271
    @ayanda1271 4 ปีที่แล้ว +2

    A new world has been open to me on TH-cam. The clarity is refreshing and is exactly on the subject I need at this stage of my start-up

  • @felix20111128
    @felix20111128 10 หลายเดือนก่อน +1

    Thanks for the video! Btw, the calculation at 12:00 seems to be wrong. Gus and Madrigal's data seem to be reverse. Let me know if I misunderstood it.
    Gus: 525K / 7M * 1M = 75,000 shares
    Madrigal: 1M / 50M * (1M + 75,000) = 21,500

  • @BelindaAng
    @BelindaAng 5 ปีที่แล้ว +253

    The most effective explanation I've come across! Have subscribed! Looking forward to your view on vesting.

    • @slidebean
      @slidebean  5 ปีที่แล้ว +10

      Thanks for subscribing, knowing that our content is being valuable to you guys makes our day!

    • @cayahere
      @cayahere 5 ปีที่แล้ว +4

      Glad this helped. It was pretty insane that a clear explanation about these concepts was nowhere to be found.

    • @awesomethings9712
      @awesomethings9712 5 ปีที่แล้ว

      It was really very simple easy to understand. Anyways belinda ang are you in china

    • @awesomethings9712
      @awesomethings9712 5 ปีที่แล้ว

      Belinda Ang I am foreigner
      in china too

    • @BelindaAng
      @BelindaAng 5 ปีที่แล้ว

      @@awesomethings9712 No, I'm from Singapore.

  • @douglasocosta13
    @douglasocosta13 4 ปีที่แล้ว +12

    This channel is making me fall deep in love with startups, more than I was alredy. Thank you very much for the excellent material!

  • @infinite3397
    @infinite3397 4 ปีที่แล้ว +1

    This is the best TH-cam University has to offer around start ups. Your content and delivery keeps getting better and better. Much love and support from Chicago!

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thank you so much, Ninja! All the love back to you!

  • @gymnastmohamed5809
    @gymnastmohamed5809 5 ปีที่แล้ว +6

    Dude you’re the best mentor that i have never got, but seriously man that was the best explanation of equity that i have ever heard thanks!!!

  • @kafeleboothe
    @kafeleboothe 4 ปีที่แล้ว +3

    This is great! Though your math at 10:56 is off:
    525k/4MM is 13.125% -- but assigning Gus 131.25k shares assumes there was 1MM shares to divy up, but they would've issued new stock for Gus. So he would've had 13.125% of the *new* total (incl. issued), so 151k shares, bringing the total to 1.151MM shares. This is a classic markup/margin calc error, a simple mistake (I didn't touch Madrigals calc, but I'm sure the above would change her numbers as well).

  • @ACE_77
    @ACE_77 5 ปีที่แล้ว +23

    It's funny how much information this 15 min video has, really helpful, thank you and keep up the amazing work

    • @slidebean
      @slidebean  5 ปีที่แล้ว +1

      🙌 thanks ACE!

  • @andreajackson4764
    @andreajackson4764 3 ปีที่แล้ว +11

    I cannot thank you enough for this comprehensive yet approachable lesson! I look forward to watching more of your videos 🙏🏾

  • @michaeloshogbunu1891
    @michaeloshogbunu1891 5 ปีที่แล้ว

    I wasted 8 hours reading blog posts. Meanwhile, your video nailed it in 15 minutes. wooow !!!

  • @youjustcalledmewhat
    @youjustcalledmewhat 3 ปีที่แล้ว

    I found this channel by accident and now I'm glad I did. What a gem

  • @boudjemaanaitkaci8059
    @boudjemaanaitkaci8059 5 ปีที่แล้ว +1

    Dude you’re channel is definitely the #1 for this matter and your speeches are the best. Keep it up.

  • @EricMForte
    @EricMForte 5 ปีที่แล้ว +3

    I can't THANK YOU enough for this amazing video. I have been in business 25 years, watched countless Shark Tank episodes, and have always been befuddled by what you just covered in 15 min. Well done!

    • @slidebean
      @slidebean  5 ปีที่แล้ว +1

      Thanks Eric!

  • @3519Marc
    @3519Marc 5 ปีที่แล้ว +13

    Thank you , really enjoyed the presentation and was well worth watching. Note on the supercharged round you flipped the values for Gus and Mardrigols position. Gus with the 7 million cap should have a larger amount than Margo with her 1 million investment and 50 million valuation. please check it out thanks again for the video .

  • @mal1que
    @mal1que 5 ปีที่แล้ว +2

    Trying to understand Convertible Notes all this while, you just made it super easy for me!!!

    • @cayahere
      @cayahere 5 ปีที่แล้ว

      Amazing! Glad it helped.

  • @luiscader
    @luiscader 3 ปีที่แล้ว +2

    This was surprisingly one of the most accurate and easy to understand explanation of SAFEs and raising Financing. Amazing, well job! super impressed that you have this knowledge at a young age. Great job man!! Will definitely share and subscribe.💯

  • @dmitriysolodukha9646
    @dmitriysolodukha9646 5 ปีที่แล้ว +2

    Nice music. Actually almost no one explains how convertible notes work. I had to read lots of sources to get it. Thanks, man.

    • @cayahere
      @cayahere 5 ปีที่แล้ว

      Great, glad it helped!

  • @the.titilayo
    @the.titilayo 8 หลายเดือนก่อน

    Never been this clear about a complicated topic before! Thanks for making assimilation easy.

  • @davetheman2615
    @davetheman2615 4 ปีที่แล้ว +2

    My man, you are a superb Educator!! All done in an Easy to understand way. These video's are simply brilliant, and a fantastic Aid to myself and i'm sure others who are embarking on a Tech start up journey, look forward to more video's

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thanks a lot!

  • @hosseinpro6379
    @hosseinpro6379 3 ปีที่แล้ว

    I watched many YC academy videos before, but your videos are more helpful since zip the most important notes in a short time.

  • @slidebean
    @slidebean  4 ปีที่แล้ว +65

    Issuing a correction/clarification. There's an error on 10:58, the colors and percentages for Gus and Madrigal are inverted.

    • @IdowuObadeyi
      @IdowuObadeyi 4 ปีที่แล้ว +5

      Now I'm a lil confused. My understanding is that Gus converted at (525k/4million valuation * 1,000,000shares). So, if that's the case the chart is correct as is. What do you mean "inverted"?

    • @fredericpette6483
      @fredericpette6483 4 ปีที่แล้ว +29

      I would suggest that the error is not on 10:58 (the whole slide is fine there) but rather on 11:59: there, indeed, Gus should be credited with 75'000 shares and Madrigal with 21'500.

    • @rahulhotchandani5639
      @rahulhotchandani5639 4 ปีที่แล้ว +7

      @@fredericpette6483 this is correct. The error is at 11:59. the graphic at 10:58 is correct.

    • @rahulhotchandani5639
      @rahulhotchandani5639 4 ปีที่แล้ว +1

      @@fredericpette6483 Just one question though, 525k investment at 4M pre money should lead to equity of 11.6%, not 9.6%. Am I right?

    • @fredericpette6483
      @fredericpette6483 4 ปีที่แล้ว +2

      @@rahulhotchandani5639 You would be right if the capital increase would stop with Gus. However, it is the investment from Madrigal that triggers the convertible note, so you have to go through the capital increase with Madrigal to get the real (final) percentages, which are displayed on the pie chart. In this case (at 10:58), you divide 131'250 by 1'357'500 and get to the indicated 9.7% for Gus...

  • @Gorboduc
    @Gorboduc 3 ปีที่แล้ว

    *THIS IS THE ONLY USEFUL STARTUP EQUITY VIDEO ON TH-cam*.

  • @jackeasyapproval
    @jackeasyapproval 4 ปีที่แล้ว +1

    Great video. I'm starting up a new tech company and i was kind of confused on the vocabularies of investing. Now it is clearer to me thanks to this video. It helped me a lot. I wish you were in my team. Thanks a lot for the information. Great job.

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      You're welcome Oscar! Keep watching as we cover more and more information that'll help you become more familiar with the terms as we go :)

  • @HS-wd5mp
    @HS-wd5mp 2 ปีที่แล้ว +4

    Excellent explanation. I’m an entrepreneur and this is exactly what I was looking for. Thank you.

  • @AnuragBhatnagar01
    @AnuragBhatnagar01 ปีที่แล้ว +1

    Great video - complex topic explained simply. One question - at 11m:59s, the numbers of shares to Gus & Madrigal (and their percentages) seem to have been switched, and the total is more than 100%. Would be nice if you reposted the corrected percentages and numbers of shares at that time stamp.

  • @dylandxothomas4132
    @dylandxothomas4132 4 ปีที่แล้ว +4

    I've been trying to understand this for a looong time and finally, you laid it out in a way that very easy to understand Thank you brotha. I will definitely subscribe and share this content.

    • @slidebean
      @slidebean  4 ปีที่แล้ว +1

      You're very welcome! Thanks for the sub!

  • @thecoachchris
    @thecoachchris 4 ปีที่แล้ว

    This is something I thought I'd learn day 1 of business school. I love TH-cam because of content like this!

    • @gibranmalik
      @gibranmalik 4 ปีที่แล้ว

      Never get an MBA. Let them collapse. God bless corona.

  • @inecosolarsolutions9022
    @inecosolarsolutions9022 5 ปีที่แล้ว +11

    This looks very good, thanks for sharing the knowledge. Could please explain the number of shares for Gus and Madrigal at 10:57?

  • @judozimbabwe7820
    @judozimbabwe7820 4 ปีที่แล้ว +1

    listening to this from Zimbabwe . thanks

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thanks a lot!

  • @ashrafghaban1030
    @ashrafghaban1030 4 ปีที่แล้ว +3

    Thank you, Caya, for the simplified explanation. I believe that in your second example with the CAP value, the shares, and stock percentage for GUS and MADRIGAL should be inverted.

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thanks for sharing!

  • @andormerks3834
    @andormerks3834 5 ปีที่แล้ว +6

    Yeah, I love the clarity and your friendliness ... not to mention the 'random' examples: Octopus Car Wash :D :D :D

  • @razafazal7366
    @razafazal7366 3 ปีที่แล้ว

    Slidebran shud strt youtube mba 👍👍
    Best content ever and such simplief explanations

  • @chriscowboyfan
    @chriscowboyfan ปีที่แล้ว

    the ease in which you explain- wow you really know this inside and out- subscribed ! i can you see you over taking that plain bagel !

  • @Mykol225
    @Mykol225 5 ปีที่แล้ว +22

    Great explanations and production value. Good job!

    • @cayahere
      @cayahere 5 ปีที่แล้ว

      Thanks for watching Michael!

  • @vitikahappy
    @vitikahappy 4 ปีที่แล้ว +2

    Every time I watch this guy leaning forward I have a feeling that his head will pop-up from my screen any moment :-)
    But great explanation indeed. Thank you.

  • @ndakigeorge8147
    @ndakigeorge8147 4 ปีที่แล้ว +1

    Very eloquently delivered.. very much appreciated Slidebean

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thanks, ndaki!

  • @econgravy
    @econgravy 3 ปีที่แล้ว

    One of the best explanations of the topic ever and anywhere on the internet. Thank you. An instant subscribe hit.

    • @slidebean
      @slidebean  3 ปีที่แล้ว +1

      Welcome aboard!

  • @hessam97
    @hessam97 4 ปีที่แล้ว

    I haven't seen a more thorough explanation anywhere else yet. This is a great video. Thanks!

  • @clarkmak714
    @clarkmak714 4 ปีที่แล้ว

    You absolute legend. This was great. I was doing this by reading articles and it was doing my head in. Thank you

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      You're very welcome :)

  • @thezengineer554
    @thezengineer554 4 ปีที่แล้ว +1

    You are a top notch teacher. Thank you.

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Wow, thank you!

  • @pierooms1271
    @pierooms1271 4 ปีที่แล้ว +2

    Simplest explanation to this complex problem. Thanks buddy😊

    • @slidebean
      @slidebean  4 ปีที่แล้ว +1

      Thank you for watching!

  • @culture04dc
    @culture04dc 5 ปีที่แล้ว +83

    12:00 is mixed up. You switched Gus with Madrigal.

    • @BlumsteinPiano
      @BlumsteinPiano 5 ปีที่แล้ว +17

      I thought I was the only one who noticed.. thanks

    • @parthgala4983
      @parthgala4983 5 ปีที่แล้ว

      Yes! There is a mistake there.

    • @adrianbabis9420
      @adrianbabis9420 5 ปีที่แล้ว +2

      I am relatively new to this topic, but the percentage of each founder shown in the pie chart should be less. Right?

    • @ramcharan6154
      @ramcharan6154 5 ปีที่แล้ว

      @@adrianbabis9420 10:48 Can somebody please tell me how to calculate shares, how did gus end up getting 131,250 shares

    • @skillionbikes7888
      @skillionbikes7888 5 ปีที่แล้ว

      Hey, great job seeing this mistake, I was totally confused when I recast the numbers in Excel and couldn't get the same answers, you really helped thanks

  • @jayadeepbhat5910
    @jayadeepbhat5910 ปีที่แล้ว +2

    Thanks a lot for explaining these terms in such a simple manner mate! 🙏❤️

  • @garvgoyal2284
    @garvgoyal2284 4 ปีที่แล้ว +4

    i love how you took breaking bad for reference

  • @EdlyDestinedds
    @EdlyDestinedds 2 ปีที่แล้ว

    This was one of the most informative videos I have ever watched on youtube! Thank you

  • @dannylevy
    @dannylevy 4 ปีที่แล้ว +2

    Impressed. I keep trying to explain this to friends. Glad to have found your video. Very well done. Especially the "Breaking Bad" touch. Loved it.

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Awesome, thank you!

  • @bronzebond4869
    @bronzebond4869 2 ปีที่แล้ว

    This channel is awesome. Thanks for ALL of this solid content and honestly telling your story. Shout out to the TH-cam algo for sending a good teacher my way

  • @jameskillen6372
    @jameskillen6372 5 ปีที่แล้ว +1

    Finally!! That was the easiest explanation and tremendously helpful! Thank you! Subscribed!

    • @benjaminalexofficialgmailc5679
      @benjaminalexofficialgmailc5679 5 ปีที่แล้ว

      James Killen well that’s nice,do you have any idea of digital currency,it really profitable .since it’s at a high rate

  • @princedavid8420
    @princedavid8420 4 ปีที่แล้ว +5

    This lecture is quite apt. I got my education on TH-cam; and I've no regrets.

  • @pharrellwowwow
    @pharrellwowwow 3 ปีที่แล้ว +1

    Hi Slidebean, how do you calculate the number of shares for Gus and Madrigal after dilution like on 10:57 and 12:00?

  • @pv0315
    @pv0315 3 ปีที่แล้ว

    wonderful stuff. Many useful pointers - Interest coupon, Discount @ Valuation, Valuation Cap. Nice.

  • @bluefkingstar
    @bluefkingstar 4 ปีที่แล้ว +1

    Bravo for the clear explanation of convertible notes. But these terms are designed SOO in favor of the VC. Convertible note is basically a debt that you still need to repay (plus interests) and when you are doing well, has a crazy huge upside like 100x. If I can get a loan from the bank, if I do well I pay back the money, if not I declare bankruptcy. Why would I get a convertible note instead of a loan?

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thanks for the comment! Welcome to discuss further with other founders or Caya on Discord slidebean.com/startup-cafe

  • @dustinthegael
    @dustinthegael 5 ปีที่แล้ว +24

    There is an error in the graphic at 11:49, green and yellow on the pie chart were switched

    • @Rhh26
      @Rhh26 5 ปีที่แล้ว +5

      dustinthegael thanks, ive had the video paused for 10 minutes wondering if my maths had gone wrong.

    • @ryanackert1536
      @ryanackert1536 4 ปีที่แล้ว +3

      @@Rhh26 lol same here bro lol. Had me all f'd up

    • @Dr_Adar
      @Dr_Adar 4 ปีที่แล้ว +2

      To be exact, I believe the error is the SWITCHING of of Gus's shares and Madrigal's shares. Gus should have 75k shares and Madrigal should have only 21.5k

    • @shivamprasad7237
      @shivamprasad7237 3 ปีที่แล้ว

      Exactly. I've been breaking my head since long.

  • @saibharathwajsaikannan3783
    @saibharathwajsaikannan3783 5 ปีที่แล้ว +2

    Pretty much clear! Enjoyed. Looking forward to watching an in-depth vlog on employee stock - pros and cons!

  • @jorgerangel2390
    @jorgerangel2390 4 ปีที่แล้ว

    Congrats, this is the best video explaining equity in detail.

  • @PargatDhillon
    @PargatDhillon 5 ปีที่แล้ว

    Correct me if I am wrong please, but I believe the cap table at 11:57 is wrong. Gus would get 75k shares and Madrigal 21.5k.

  • @abdulsiyanbade2828
    @abdulsiyanbade2828 ปีที่แล้ว

    unless I misunderstood this, I think there's a mistake at 12:00. I believe Gus should be 75,000 shares while Madigral would then be 21,500 shares. Great content though! Learned a lot here

  • @BrettFoxstartupceo
    @BrettFoxstartupceo 4 ปีที่แล้ว

    Nice run through of basic information about equity.

  • @allencartwright2174
    @allencartwright2174 5 ปีที่แล้ว +4

    This was amazing video! I've been looking for explanations on understanding start up funding when it come to these terms but there is nothing thanks a lot Slidebean!

    • @cayahere
      @cayahere 5 ปีที่แล้ว

      Allen Cartwright thanks a lot for watching, glad it helped!

  • @smediumlarge
    @smediumlarge 3 ปีที่แล้ว +1

    I learned things here in this video that I didn't even learn in business school.

  • @Arcdiab
    @Arcdiab 5 ปีที่แล้ว +3

    Thanks for your effort, the video is very helpful! However, there are some mistakes; First, in the second scenario when you applied the valuation cap for Gus you mixed up the percentages of Gus and Madrigal. Second, as Gus is limiting the dilution rate on his shares with the valuation cap he had negotiated before, then the shares of the founders have to dilute furthermore to balance the math, if you sum up the percentages in your example you will get over a 105% ownership of the company, how is that possible?

  • @bimskool
    @bimskool 4 ปีที่แล้ว +1

    YC does have a video on this but it's not as good in explaining dilution and the math behind everything. There is such a thing as a convertible note without interest called a SAFE which may or may not have a valuation cap.

  • @zwitterion1
    @zwitterion1 4 ปีที่แล้ว +1

    Amazing video - for a clinical background founder!! Thanks Caya and slidebean

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thank you for your comment! Glad it was useful!

  • @abdifataahify
    @abdifataahify 4 ปีที่แล้ว +4

    Great explanation and content. The perfect overview I needed before I start narrowing my research

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Glad it was helpful!

  • @atlegilemarketing
    @atlegilemarketing 6 หลายเดือนก่อน

    Thanks so much for explaining + providing tools 🔧 @ the end there. This helps us understand the stocks much better as a StartUp in Africa 🌍 💛

  • @loubani
    @loubani 4 ปีที่แล้ว +1

    Could you explain the percentages in the pie chart on minute 10:57?

  • @winterfox7028
    @winterfox7028 4 ปีที่แล้ว

    You explained very well .
    Enough to start a company .

  • @SanjayKapoorDelhi
    @SanjayKapoorDelhi 3 ปีที่แล้ว

    Thanks for the wonderful video.
    Just wanted to clarify Scenario B at 11:59 minutes in the video, you mentioned $50 Million valuation, the total equity distribution %age is coming to 105.6% (48.4 + 48.4 + 6.8 + 2) which is more than 100%!! Also, I am a bit confused about the holding of Gus at 2% and Madrigal @ 6.8% in this distribution.

  • @roylce8355
    @roylce8355 ปีที่แล้ว +1

    How did you calculate to get your 125,000 shares to Gus

  • @XsmaelTheBest7
    @XsmaelTheBest7 4 ปีที่แล้ว +2

    14:02 Or the cap is reached ?

  • @ChuckBalsamo
    @ChuckBalsamo 4 ปีที่แล้ว +1

    Best video on convertible notes! Wow you are such a great presenter. Thank you!

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Glad it was helpful!

  • @adi2807
    @adi2807 5 ปีที่แล้ว +1

    Hi,
    Is there an error in no. of shares per person calculated at 10:58 ? you seems to assume that first convertible note converts resulting in no. of total shares of company increasing. Then Madrigal invests $1M with $5M pre -money valuation at the new price/share which is now lower since no. of shares are now more than 1M. I verified the math to work (to get no. of shares in slide) only in this case. Shouldn't both convertible note and investor get shares at the same time when convertible note is being triggered as part of the seed round?(This results in Madrigal buying at $5 per share, Gus buying at $4 per share, resulting in founders each with 37.6% of company, Madrigal with 15%, Gus with 9.8%) Am I missing something here?

  • @memedemy3905
    @memedemy3905 2 ปีที่แล้ว

    This is great, the only complaint is that you made the example with the cap with a different valuation so the difference is not very clear. The cap is essentially a way for the early investor to make sure his money is not too diluted?

  • @ozzyfromspace
    @ozzyfromspace 5 ปีที่แล้ว +1

    Not trying to nitpick but isn't the pie chart at 12:00 off by like ~5%? I didn't actually add the percentages but it just didn't look right.... I'm sensitive to numbers so it made it really hard to follow, so what am I missing? Thanks :)

  • @mickeyderks8591
    @mickeyderks8591 5 ปีที่แล้ว +7

    Could you do a video on how you get your first customers/traction? Buy ads, marketing, etc. how did you do it? :)

    • @cayahere
      @cayahere 5 ปีที่แล้ว +1

      Will do. A little bit of that story here: th-cam.com/video/viyKWTfT-g4/w-d-xo.html

    • @taistanback2054
      @taistanback2054 4 ปีที่แล้ว

      Don’t pay for customers!

  • @iaap654
    @iaap654 5 ปีที่แล้ว

    Thanks for the video! Today I've booked a meeting with my tax/share advisor about this questions. But your video explained everything perfectly. I'll probably cancel the meeting tomorrow morning :)

    • @slidebean
      @slidebean  5 ปีที่แล้ว

      Thanks, Irina!

  • @IamnotaCat888
    @IamnotaCat888 4 ปีที่แล้ว +1

    Excellent. Do you have a video on raising bonds like green bonds for entities towards developing equity?

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Not yet! Please vote/add your favorite topics here: slidebean.com/youtube-suggest-a-video

  • @reaper081091
    @reaper081091 4 ปีที่แล้ว +1

    Hi Mr. Caya, How do did you determine the proper pricing for your service?

    • @slidebean
      @slidebean  4 ปีที่แล้ว +2

      Hi! We tell a little bit about that here: th-cam.com/video/xD8A7eX26VA/w-d-xo.html

    • @reaper081091
      @reaper081091 4 ปีที่แล้ว

      Slidebean: Startups 101 Thank you. 😁😁😁

  • @prateeksingh1569
    @prateeksingh1569 4 ปีที่แล้ว +1

    How should the equity negotiations go about if the company has just been incorporated, not started operations and not making any revenue? In other words, a non-operating company 'X' having 2 co-founders gets an investor that gonna put in the whole amount to start the operations, how should the directors of the company 'X' negotiate the equity divisions with the investor in a manner that is most beneficial for them in the long term?

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Hi! That question seems perfect for our Startup Café slidebean.com/startup-cafe Drop it there so you can start the conversation with Caya and other founders!

  • @ifbruschi
    @ifbruschi 3 ปีที่แล้ว

    hey guys! there's an error at 12:00. Not only colors and percentages are inverted... but also #of shares in the table.
    BTW, great work. Loving this channel so far.

  • @keitheian213
    @keitheian213 4 ปีที่แล้ว

    Aren't the shares of gus and madrigal at 11:58 swapped? Because gus got the cap at 7m meaning 525k/7m=0,075 this times the 1m shares equals 75000. Madrigals 1mio come with a 50m valuation so 1/50=0,02 this times the 1075000 shares make the 21500 shares of Madrigal. Am I doing this right?

  • @ethanhalf
    @ethanhalf 3 ปีที่แล้ว

    As a founder currently accepting convertible notes from Angel investors thank you for the clarity. I would love to have speak to you more about this topic

  • @donnacooney4426
    @donnacooney4426 5 ปีที่แล้ว +1

    Excellent overview - very simple to follow in such a confusing environment

  • @12369jp
    @12369jp 4 ปีที่แล้ว

    This is the explanation I've been looking for my whole life!

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Wow! That's a big deal! Thank you, Justice!

  • @spiderdog196
    @spiderdog196 4 ปีที่แล้ว +1

    Brilliant post. Just subscribed. Going to watch every video you guys have. Thank you so much for the time and effort putting it together. Invaluable resources

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Thank you sooooo much for your feedback and subscription! Make sure you join Caya on Discord so you can ask him any questions you may have. Slidebean.com/Live

  • @mazdamatt7703
    @mazdamatt7703 5 ปีที่แล้ว +7

    Incredible content as always 🙌🏻

    • @slidebean
      @slidebean  5 ปีที่แล้ว

      😊 thanks!!

  • @Manishsharma-nb1qw
    @Manishsharma-nb1qw 4 ปีที่แล้ว

    Can convertible notes get modified,
    In case investor want to invest in two different companies installments

  • @HristoVelev
    @HristoVelev 3 หลายเดือนก่อน

    Appreciating these videos, thanks!

  • @bogereayub1369
    @bogereayub1369 4 ปีที่แล้ว +1

    Does the first invester get a discount to all new rounds or on the first round only.

    • @slidebean
      @slidebean  4 ปีที่แล้ว

      Good Q! Welcome to discuss with other founders or Caya on Discord slidebean.com/startup-cafe

  • @anitakanu5252
    @anitakanu5252 5 ปีที่แล้ว +4

    Hi, wonderful video by the way. I have a question tho; while calculating the value of stock that Gus owns, how did you arrive at 125,000 and 11%

    • @erikgonzalez3450
      @erikgonzalez3450 5 ปีที่แล้ว +8

      1M shares equals $4M. This means 1 share equals $4. Gus purchased $500,000 worth of shares. $500,000/4 = 125,000 shares. He arrived at 11% because 125,000 shares out of 1,125,000 shares is 11%.

    • @try_to_laugh-i2j
      @try_to_laugh-i2j 4 ปีที่แล้ว

      @@erikgonzalez3450 Yet, the valuation would in that case be 4.5M...

    • @chemsss8582
      @chemsss8582 2 ปีที่แล้ว

      @@erikgonzalez3450 You are a LEGEND. Thanks for the explanation

  • @josedariolozano4607
    @josedariolozano4607 3 ปีที่แล้ว

    excellent video. Great example of a convertible note

  • @MartinGlastetterJr
    @MartinGlastetterJr 3 ปีที่แล้ว +1

    Nice work, simply explained, very helpful. Cheers!!

    • @slidebean
      @slidebean  3 ปีที่แล้ว

      Glad it helped!

  • @crow578
    @crow578 ปีที่แล้ว

    Your videos are very informative. I'm a disabled, chronically homeless veteran with a very profitable, "disruptive" technology. I'm literally destitute - how can I raise seed capital?