Founders Combined
90.0%
Majority
Post-money Val.
—
Configure rounds
Board Control
✅ Safe
F:67% V:0% I:33%
Total Investor Stake
0.0%
No rounds yet
BeginnerExpert
Used in all board calculations, voting power, and recommendations.
If founders collectively drop below this threshold, your SHA typically requires immediate resignation of all founder-nominated director seats.
%collective founder equity (fully diluted)
💡 India default: 15% — typical in SHA from Seed onward. Push to 10% and exclude VC-dilution rounds.
📋 Day 0 Legal Checklist
These are non-negotiable before taking any VC money. Each item costs less than one lawyer hour to set up; skipping any creates a deal-blocker at due diligence.
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IP assignment agreement signed by all founders
Every founder must sign an IP Assignment Deed under the Patents Act 1970 / Copyright Act 1957 transferring all pre-incorporation IP to the company. This includes code, designs, trademarks, and know-how. File with the company secretary. Cost: ~₹5,000 lawyer fee.
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Co-founder buy-sell / shotgun clause in SHA
A buy-sell clause between co-founders should be in your Founders' Agreement or SHA. Without it, a departing founder retains shares and blocking rights indefinitely. Standard clause: either founder can trigger a valuation process; the non-triggering founder chooses to buy or sell at that value. Add this before any external investment.
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Co-founder vesting agreement in place
Standard: 4-year vest, 1-year cliff (Indian market norm per Blume/3one4 playbooks). All co-founders on the same schedule. The vesting agreement should be a formal contract with the company, not just an informal understanding.
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Registered valuer FMV report before any share / option issuance
Under Companies Act 2013, shares issued above FMV attract income tax for the company (Section 56(2)(viib) angel tax). Get a SEBI-registered valuer's FMV report before allotting any shares or ESOPs. Cost: ₹30,000–₹80,000. Valid until next funding event.
✓
Separate company bank account (no commingling)
Company funds must be in a dedicated corporate account. Commingling personal and company funds pierces the corporate veil and is a deal-stopper in any serious due diligence. Set up a current account in the company's name on Day 1.
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GST registration (if revenue > ₹20L threshold)
If your company is generating revenue above the GST threshold or providing B2B SaaS services, register for GST immediately. Unregistered revenue creates retroactive tax liability that complicates any investment round.
👥 Pre-funding Cap Table
100.0% ✓
| Name | Role | Equity % | |
|---|---|---|---|
| ESOP Pool | Employees | ||
| Advisory Pool | Advisors |
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