TL;DR - I’m trying to structure where I’ll do the work for an equity stake which will help the company valuation and raise its first round, after which I can collect my fees off the back of exiting my position.
If I were to offer my services in exchange for equity, is there a way that I can contractually put something in place that means once the company gets it first round of investment I can immediately exit my position.
I have had FAST equity in startups, but I’ve never exited my position or thought too much about it, additionally my experience with cap table related issues is more limited.
(I realize I could maintain my position, but I’m more interested in cashflow)
Venture attorney here. I don’t see why you can’t structure a fee based on raise amount and/or valuation. It may also make founders/investors less anxious by having you off the cap table and calling it a fee. Feel free to DM.