Kallio Law 

Kalliolaw- Attorneys at Law is a Finnish mid-size commercial law firm. It specializes in serving growing companies and corporations commencing as of the initial planning stages through IPO’s.

We serve start-up’s comprehensively relating to legal issues faced by start-up’s such as drafting various agreements, assisting with fund raising and intellectual property rights’ strategy, assisting with personnel related questions and building up  a roadmap for overall legal matters to make the start-up to achieve its goals, whether it is fund raising, exit or getting into new market area.

 

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. Worldwide, we have more than 152,000 outstanding professionals working together to deliver value in 156 countries and in Finland we are over 750 professionals in 16 locations.

For start-ups KPMG equals with accessing the knowledge and expertise that will help shape and deliver strategies of the future. 
We provide our support for example within financial reporting, tax advisory, business development and internationalization.

What is the Bonus Pool?

Posted by Adeo Ressi on 2011-02-10

Below is an answer that I recently gave to a question about the Bonus Pool. It is not uncommon for applicants to misunderstand the Bonus Pool and therefore look at the Pool like a cost, rather than an innovative benefit. I hope that the answer is helpful.

If an enrolled Founder chooses to join the Bonus Pool, then the Founder contributes 3.5% of their company in the form of warrants to a Bonus Pool. In exchange, the Founder receives a share in the cash returns of the Pool.

If one Graduate sells for $200 MM, this may return $4 MM to the Bonus Pool after some dilution and purchasing the warrants. In such a circumstance, another Graduate from the same semester might receive a Bonus Pool check for $80,000. This return is not an investment. It's a personal bonus. It's cash to use for anything you want, from groceries to servers.

All Founder Institute stakeholders share in the Bonus Pool, including local Mentors and local Directors, and there is a separate Pool for each graduating semester. Founders get 30% of the Pool, Mentors get another 30%, local Directors and partners get 25% and the Institute keeps 15% as a long-term management fee. The indivual portion that each Mentor receives depends on the anonymous ratings they receive from the Founders. The point here is that everybody's interests are aligned in creating the best possible pool of companies. 

Graduates share in the upside from the success of their peers through the Bonus Pool. This creates an unusual level of camaraderie. It also reduces the risk of creating a startup. Any one startup has a high chance of failure, but there is much greater odds for success across 10, 15 or 20 Graduates. You can fail and still see upside from your efforts in the Institute.

Ultimately, the 3.5% and the Bonus Pool are a benefit that is unique to the Founder Institute. Instead of selling equity for a few thousand dollars, you are personally participating in the long-term success of your peers. You get upside once reserved for savvy investors.

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