and The Startup Station
present an educational webinar and case study "How to find your dream co-founder and what to offer to seal the deal"
Coming on Wednesday, Apr 28th at 11:00 EST (5:00 pm CET)
. Join to learn secret tips on how to negotiate with your co-founder.
Looking for a co-founder is difficult on its own. And even when you *finally* have found a thought partner who can help you build your venture, you are not nearly done. How do you negotiate with him or her successfully to protect yourself, your company and incentivize them at the same time? How much equity is fair? Do you ask them for investment? What happens if they don't do their job? In this webinar, we will cover all these questions and more!
Agenda: 11 am - 11:30 am
- How to determine how much equity to offer to your co-founder
- Control & voting: which issues do you have and not have to agree on?
- Vesting period: how long does it take for their equity to vest? Is there a cliff period?
- Responsibilities: what will they do before and after funding?
- Capital requirements:
- Do they have to invest? If yes, how much and under which circumstances?
- Time requirements: How much time do they work before/after funding?
- Unwinding process: What happens if they want to leave or if you want them to leave?
- Long-term prospects: What is their role as the company involves? Salary?
"Find your dream co-founder and negotiate terms that make everyone happy" 11:30 am - 12:00 pm
Case study - StreamLoan
Co-Founder Story Speaker: Stephen Bulfer
, CEO and Co-Founder of StreamLoan
, a serial entrepreneur, 5 prior startups, recent exit: the 2013 ionGrid acquisition by NetApp. StreamLoan
is an award-winning mobile and SaaS platform and a pioneer in the digital mortgage space. StreamLoan
streamlines the mortgage process with digital technology for its mortgage lending customers, specifically dedicated to redefining the lead management and mortgage origination experience. We will discuss:
- How did you look for a co-founder?
- What are the three most important qualities in a co-founder?
- How did you determine how much equity to offer a co-founder?
- How did you define capital and time commitments?
- How did you define responsibilities?
- Any piece of advice to founders looking for a co-founder?
BIOS: Elena Gusakova
is the Founder of Astra Global
, a global business development company. Prior to her career in business development, Elena spent eight years working as an M&A lawyer at private equity funds, leading cross border deals with the total deal amount exceeding $600M. She has a deep understanding of investment processes, investors' main concerns, and is an experienced negotiator. Elena holds EMBA from Columbia and London Business Schools. Victoria Yampolsky
, CFA is the Founder and President of The Startup Station
, an education and advisory platform focused on modeling and valuing early-stage ventures. We help you articulate your business case to investors from the financial point of view. More than 1,000 founders have taken The Startup Station's courses to learn the basics of accounting, valuation, financial modeling, and startup financing and more than 100 founders worked with The Startup Station one-on-one across more than 15 industries. Victoria holds a Bachelor's Degree, Cum Laude, in Computer Science, with a minor in Mathematics from Cornell University, and an MBA, with honors, from Columbia Business School. Victoria is also on the Advisory Board of the Computing and Information Science (CIS) Department of Cornell University. Guest Speaker BIO Stephen Bulfer
, CEO/Co-founder, StreamLoan
, an award-winning mobile and SaaS platform. StreamLoan
is a pioneer in the digital mortgage, streamlining the mortgage process with digital technology for his mortgage lending customers, specifically dedicated to redefining the lead management and mortgage origination experience.
Stephen is a serial entrepreneur. His extensive software start-up experience includes building five startups, most recently with the 2013 ionGrid acquisition by NetApp. Stephen has significant experience across strategy, build, and deployment of enterprise software at Fortune 500 companies extending to White House/Executive Office of the President, HP, Visa, MasterCard, Allstate, Kaiser, P&G, and over 50 Fortune 500 organizations. Further, as an EIR, Stephen built a startup ecosystem and portfolio, connecting a large Silicon Valley tech firm to the startup ecosystem. Stephen built a startup ecosystem and portfolio
Stephen holds two master's degrees from Columbia Business School and the University of California Berkeley.