How to Split Equity between the Co-founders of a Startup
Some good news first, when a company is accepted into Y Combinator, YC now invests a total of $500,000
- Prior to the evolution of the Startup Bill in Nigeria, there has been quite a bit of traction in the startup industry in Nigeria.
- Startups in Nigeria have succeeded in raising millions of dollars in funding.
- Some startups have even surpassed the 1 (one) billion dollar valuation, thus becoming unicorns.
- Nigeria is Africa’s top technology hub, Nigeria has four Fintech unicorns – Interswitch, Flutterwave, Andela and Opay – who have all attained valuations of over $1 billion.
- The Nigerian Startup bill that was approved by the Federal Executive Council in Nigeria, when signed into law, should help catalyze the growth of the startup industry in Nigeria.
- Several foreign investors are taking advantage of Nigeria’s ranking as one of the leading Startup ecosystems in Africa to invest in Nigeria’s digital economy.
- The Megathos Update, will lead and guide you and your teams through the business opportunities available in splitting equity among startup founders.
In this update How to split Equity between cofounders of a Startup, Megathos Law Practice gives a snapshot of issues co-founder may need to consider when splitting equity in a startup.
To learn more about How to Split Equity between the Co-founders of a Startup in Africa, please click on this link