BUS 314 Lecture Notes - Lecture 4: Crowdfunding, Leonardo Dicaprio, Restricted Stock

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 314
• Professor: Andrew Harries

Document Summary

Vesting: to give or earn a right to a present or future payment, asset, or benefit: give options away from option pool for a period of time not all at once. Introduction attract investors that fit that negotiate fair deals. Brings sound business knowledge know what kinds of investment to attract at different stages. Preliminary round family and friends first port of call. Test concept and get startup off the ground. Might be too risky for family members. Also to help start-up get off the ground. Purpose: test concepts, work full-time on projects, determine viability, as a way to attract extra funding. Terms can be conditional e. g. on syndicating, filling certain positions. Pros: lifeline for founders, less difficult to secure. Fall 2020: not enough to launch product, can restrict founders from searching for better investment. Opportunity: help founder fill in knowledge gaps with key players two distinct differences between seed and micro-seed: 1.