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强盛集团丨项目融资分成设计:让利益分配成为发展的助推器
Sou Hu Cai Jing·2025-07-08 10:33

Group 1 - The design of profit-sharing mechanisms in project financing is crucial, impacting both the interests of investors and founding teams, as well as the company's future financing capabilities and development momentum [2][4] - A core principle of profit-sharing design is "dynamic matching," where the profit-sharing logic differs significantly between seed rounds and later stages, with seed rounds focusing on protecting founders [2][4] - In growth-stage financing, a "ladder adjustment" mechanism should be introduced, where profit-sharing ratios automatically adjust based on valuation milestones, reflecting the balance of risk and reward [2][4] Group 2 - Clear delineation of responsibilities is essential for profit-sharing design, as many startups face disputes due to unclear boundaries of roles and responsibilities [4][6] - The inclusion of anti-dilution clauses in the profit-sharing framework is necessary to protect early investors from dilution of their profit-sharing rights during subsequent financing rounds [4][6] - Establishing a "dynamic incentive pool" of 10%-15% for core employees is a long-term safeguard, allowing for equity incentives without excessively diluting the founders' shares [6] Group 3 - The ultimate goal of profit-sharing design is to deeply bind the interests of all parties with the growth of the project, fostering a "symbiotic mindset" that ensures motivation for founders and reasonable risk for investors [6]