Equity Assignment

Ent 600

NC Aerial Imaging Services would split the equity 9 ways among staff and advisors. This is a “chief” level position, vice president, or advisor.  The CEO/Founder remains majority owner with a 51% split. Advisors would receive 12%, and VP’s would receive 4% each.  The split is among the 5,000,000 initial shares at $1.00 each.  There are 10,000,000 total shares. The additional 5,000,000 will be additional diluted shares used to attract new talent and board members. At least two board members would be financial investors and the third would be an industry expert.

The vice president staff can earn up to and no more than 2% equity by remaining in their position and becoming vested through 3 consecutive years of employment.

References:

The ABC’s of VC Funding and Building Your Board, David Roth, Entrepreneurs, 8/22/12

Why an Army of Clones Can’t Win, David Roth, Entrepreneurs, 5/17/12

Equity:Dividing the Pie, Mike Volker

5 Huge Mistakes Startups Make When Choosing Board Members, E. Laniado, February 10,2013

What Does A Board of Directors Do?  Ask Jay (Youtube) October 4,2011

How to Hire A-Players, Eric Herrenkohl, 2010