Who is in your team?
What are you building?
If your project makes money, what percentage stake do you each take home?
How will you make decisions?
What happens to the project if you break up?
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You should make sure all the team members sign the napkin, and that you keep it in a safe place. We won’t store a copy of it here on the site.
The napkin is a living document, just like a will (you should have one of those too). As you work on your project, your circumstances might change (for example, you might add a person to your team, or take on some funding). Come back to your napkin each time this happens, and make sure it still reflects what everyone wants.
The napkin only covers some of the options that might be suitable for you and your team, and it’s no replacement for getting advice. If you have any questions or would like to discuss your project further, please leave your details here and a member of our team will be in touch.
Find out more about how we help startups and early stage companies here.
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