#CofounderPrenups and why they matter: The Friend
Last updated: 5 August 2024. Tom* and James had been in the same circle for years so starting a business together was a no-brainer. They set out...
Share schemes & equity management for startups, scaleups and established UK companies.
With two-way Companies House integration, the platform is fast, accurate and powerful.
Manage your portfolio with ease and evaluate potential investments.
The platform is fully synced with Companies House, to provide you with accurate, real-time insight.
Add your investments for complete visibility of your shareholdings. View cap tables and detailed share movements.
Organise investments by fund, geography or sector, and view your portfolio as a whole or by individual company.
Explore future value scenarios based on various growth trajectories, to figure out potential payouts.
Remove friction and save time. Action shareholder resolutions via DocuSign, access data rooms, and get updates from founders.
Set up and manage new SPVs without leaving the platform, then invite co-investors to fund and participate.
Last updated: 6 August 2024.
Based in Brighton, Second Voice Pro builds startup sales teams for early-stage businesses. In addition to providing stellar outbound sales resources, Second Voice Pro also prides itself on giving people from diverse backgrounds an opportunity to get into the heady world of business.
Bootstrapping a startup to success can be an uphill struggle, but Second-Voice Pro’s co-founder Ben Bennett recognised the power of the prenup:
"We really needed to incentivise individuals to take control of their part of the process” he said, “in order to build a solid foundation from which we could grow”.
Ben knew that he wanted to reward other key hires with growth shares via his prenup, and that he wanted a simple way to manage his equity.
He signed up to a Vestd trial and “it’s been the backbone of our negotiations and cap table management ever since”.
"It’s literally a few clicks of a button."
Ben set up his shares with milestones and time-based vesting periods so that everybody earns their shares fairly.
He quickly learned how to navigate the Vestd platform and recently used it to issue shares to a new senior hire stating that “it’s a lot easier than filling out forms and having expensive legal fees!”
“It’s just saved me a hell of a lot of time, headaches, stress and money. It's been really valuable to get Vestd set up from the outset.”
“If you're incentivised and everyone's going in that same direction, it makes a huge difference to behaviours, motivations, and ultimately the outcomes. From a selfish perspective, the business is succeeding because everybody gets to win.”
“And to be able to onboard new directors with Companies House, and all of the documents go to the right people in the right order and then off to be filed…it's almost like, click this button once and forget about it.”
“That was phenomenal. The whole process is just bulletproof.”
Setting up a co-founder prenup has never been easier. Book a free, no-obligation chat with us if you'd like to learn more.
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