#E4s – What to consider when splitting the founding equity
Description of the workshop
The most successful ventures are founded by entrepreneurial teams rather than individual entrepreneurs, but a large founder team can be problematic as well. In the special case of establishing a university spin-out, the number of founders is likely to be higher, the team members fulfill various roles and have a different level of commitment to the day-to-day running of the company. As a provider of resources and permissions, you can expect the university to become a significant shareholder as well. Splitting the equity equally among university and/or founder researchers might be detrimental to the spin-out in the long-run. So how to make sure everyone gets his / her fair share of equity?
This workshop covers important topics like the size of the shareholding, how to split founder equity dos and don’ts and possible consequences, how to tackle founders who don’t commit 100% or want to continue their academic path as well as provide you with some tools to ease the process of splitting the founder’s pie.
At the end of the workshop you will:
- know what to consider when splitting the founder’s pie
- have a good overview on what obstacles to avoid when founding a university spin-out
- know what to expect when negotiating with your university
- have gained some insights on how to structure your next steps
Lucanus is Founder and Managing Partner of Calm / Storm Ventures, a founder network and boutique venture capital firm based in Vienna, Austria. Prior to founding his own fund, he was a General Partner at Speedinvest where he personally led investments focused on digital health companies including Playbrush, Ourpath, or Diagnosia. Prior to Speedinvest, Lucanus was managing director of whatchado.com a portfolio company of Hansi Hansmann’s “hansmengroup”. Lucanus holds Master degrees in Entrepreneurship (WU Vienna) and International Management (CEMS). Lucanus is passionate about supporting founders with purpose. He helps entrepreneurs solving problems that really matter by leveraging his nearly 20 years of experience in business & corporate development. As a passionate sailor and father of 3, you ‘