23/06/2026
In this video, Christopher Burgon gives an example of a software founder who gave away control of his company unnecessarily. The founder was technically brilliant and wanted help growing the business, so he dealt with someone who promised to secure investment and run the commercial side. In the process, he signed a shareholder agreement and gave away 26% of his shares, leaving himself with only 74%. That meant he no longer had the 75% needed to overrule directors. He also signed away his ability to remove directors directly. The episode is a warning to founders that careless structuring at an early stage can strip them of control over the company they built.
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