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	<title>Rules Of Thumbs &#187; New Venture</title>
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		<title>Incorporating a New Venture</title>
		<link>http://www.rulesofthumbs.com/2007/11/04/incorporating-a-new-venture/</link>
		<comments>http://www.rulesofthumbs.com/2007/11/04/incorporating-a-new-venture/#comments</comments>
		<pubDate>Mon, 05 Nov 2007 01:04:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Startup]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[New Venture]]></category>
		<category><![CDATA[Rule of Thumb]]></category>
		<category><![CDATA[schedule]]></category>
		<category><![CDATA[Shares]]></category>
		<category><![CDATA[Start-up]]></category>
		<category><![CDATA[vesting]]></category>

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		<description><![CDATA[When incorporating a new venture, a good rule of thumb is to authorize (or issue) 10 million shares @ 1/10 of cent. 50% of these shares should be issued to the founders (with a vesting schedule). 10% should be set aside for future employees. The remaining 40% will go to future investors. Also, ALWAYS elect [...]]]></description>
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