Do I need a lawyer to sell percentages of my company and set up a formula for how my investors get?
We've been in the clothing business as a side project for 3 years. We are in 40 stores and are growing rapidly. Until this time we have funded everything ourselves however we are looking to sell a small percentage of the company to raise the capital it will take to grow our business. It will lower some of our debt and be beneficial in a lot of ways. We have numerous people interested however I am hesitant to pull the trigger on getting anyone else involved in this crazy business, especially friends. Are there any books that you guys reccomend?
Alexis Ohanian, co-founder of social news site Reddit and partner at startup accelerator Y Combinator, talks about how platforms like Kickstarter are making his role as a startup investor more challenging.
The way most Americans pay for college -- a patchwork system of loans, grants, and scholarships from colleges -- was largely created generations ago, when fewer people went to college and when the price tag of a college was a lot less.