Expand Your Runway Today Using Future Equity
Get up to 50% more from the cash you raised to compensate part-time talent
The New Secret Weapon for Startup Founders
Top talent is hard to find and can be very expensive. EquityX is a hassle-free, compliant solution, to use for equity compensation with all your part-time talent. The platform allows startups to pay their part time-talent or service providers with future equity or a combination of cash and equity:
- Value the expert’s effort in dollar amounts instead of abstract percentages – which convert to options at the next qualified round
- Clean cap-table – one line covering all experts
- Experts have no voting rights – can exercise their options only at an exit event
- Import your existing freelancers and advisers and find more through the platform
The platform handles all the complexity related to accounting, legal and compliance issues. The legal structure was developed by top lawyers and accounting firms who’ve helped build a bulletproof solution for your business.
How does it work?
There’s flexibility to decide on the structure of compensation either by hours, retainer or project. Execution is through a simple two-step process:
Setting a Pool
See if you qualify
Startups that have at least raised a Seed investment can register and set up a pool. The application process is straightforward, once you submit the relevant data about yourself and your startup, our team will put your request in motion in the shortest time possible.
Set the pool credit amount
Once your startup qualifies, you can determine a cash-equivalent budget, which can go up to 50% more of the cash you already raised. This provides a clear, USD based budget for working with outside experts who provide key insights and skills.
Get board approval
The amount you requested goes into our standard agreement, which then needs to be approved by your board, only once. The whole approval process is managed automatically within our platform with full transparency for the stakeholders.
Using the Pool
Define your Task
You control each assignment, including setting timeline expectations and budget constraints, and you can also clearly communicate about what you require for completion.
Assign the Tasks
Once you define the task, you can pick the right talent to do it. You can either choose one of your existing and known talents or find a new one, who’ll complete the task as needed.
Approve the Payment
Only after the task is approved by you, experts become vested for the negotiated dollar amount, which will later convert to equity with the next qualifying round.