1.持股比例：原則來講，聯(lián)合創(chuàng)始人持股比例最好是10%-25%之間（向上浮動2%）。創(chuàng)始人持股比例應該是合伙人人均持股的2-4倍。

1. Shareholding ratio: In principle, the best shareholding ratio for co founders is between 10% -25% (with an upward fluctuation of 2%). The founder's shareholding ratio should be 2-4 times the per capita shareholding of the partners.

2.持股模式：直接持有、創(chuàng)始人代持、持股平臺

2. Shareholding mode: direct holding, founder's proxy holding, and shareholding platform

1）直接持有：表示要進行工商登記的部分是各自持有的全部股權(quán)，直接登記的股權(quán)是指各自（已經(jīng)成熟的股權(quán)＋未成熟的股權(quán)）

1) Direct holding: indicates that the portion to be registered with the industrial and commercial authorities is the total equity held by each party. Directly registered equity refers to their respective (mature equity+immature equity)

2）創(chuàng)始人代持：表示該部分的股權(quán)不顯名，該部分是指未成熟部分股權(quán)。創(chuàng)始人工商登記的股權(quán)（未成熟的全部股權(quán)【包括自己＋其他聯(lián)合創(chuàng)始人】＋自己已經(jīng)成熟股份）

2) Founder's proxy holding: indicates that the equity of this part is not well-known, and this part refers to the immature equity. Founder's registered equity (all immature equity [including oneself+other co founders]+already matured equity)

3）持股平臺：設(shè)立一個有限合伙（基本上就是一個殼），創(chuàng)始人作為有限合伙的GP，被激勵的對象作為LP，基于有限合伙的特殊性，GP是法定的絕對控制人。這種方式比較穩(wěn)定，也是大多數(shù)做股權(quán)激勵時采用的方式。

3) Stock holding platform: Establish a limited partnership (basically a shell), with the founder as the GP of the limited partnership and the incentivized object as the LP. Based on the particularity of the limited partnership, the GP is the legal absolute controller. This method is relatively stable and is also commonly used for equity incentives.

3.進入機制

3. Entry mechanism

4.退出機制：主要分有過錯退出和無過錯退出

4. Exit mechanism: mainly divided into fault exit and no fault exit

有過錯退出：采用法律允許的最低價格

Exit at fault: adopting the lowest price allowed by law

無過錯退出，一般有兩種補償模式：

There are generally two compensation modes for exiting without fault:

其一、按照凈資產(chǎn)的1.5-2.5之間結(jié)算，其二、則是按照對應的估值的10%-20%。

Firstly, settlement is based on a net asset value between 1.5 and 2.5, and secondly, it is based on a corresponding valuation of 10% -20%.