How Startups can create value for vendors - case study
With Facebook launching 17 years ago today, here's a good story:
In 2005, Facebook offered graffiti artist David Choe $60,000 to paint their Palo Alto office. See attached.
Rather than take cash, Choe accepted Facebook stock.
When Facebook went public in 2012, his equity was worth $200M.
If Govt of India lets Entreprenuers use equity by simplifying tax and company laws it can go a long way in hiring employees, advisors contractors and the whole ecosystem will do all.
In 2005, Facebook offered graffiti artist David Choe $60,000 to paint their Palo Alto office. See attached.
Rather than take cash, Choe accepted Facebook stock.
When Facebook went public in 2012, his equity was worth $200M.
If Govt of India lets Entreprenuers use equity by simplifying tax and company laws it can go a long way in hiring employees, advisors contractors and the whole ecosystem will do all.
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Wow great Scindia father Put share on Bombay dyeing and tata now he earning in hundreds of crores
Feb 05
Good idea Govt. should come up with such system to motivate actual entrepreneur.
Feb 05
True. This is the method for which the Monitoring agencies must introduce. There are many individuals with "OUT OF THE BOX" ideas but due to lack of exposure/guidance on how and where to get the funding are disappointed since their novel ideas are not able to see the light. The moment, GOI makes such rules INVENTOR friendly, many more budding enthusiasts will try their ideas to become reality.
Feb 05
There is no bar on Entrepreneurs on using equity to pay their bills for anything - employees, advisors contractors or even materials ... but there is a process, documentation and compliance requirement ... none of which is very onerous ... But ... and this is a big but, most CA / CS Service providers are both unaware and unwilling to take an entrepreneur through the process to facilitate it. Not many service providers are willing to accept payment in stock ... The primary difference is between paying in stock and paying through a "promise" of stock - which is what most entrepreneurs want to do, where the concept fails altogether. Promise of payment is NOT Payment.
Feb 05
