No. Webform allows you to turn your illiquid equity into a productive asset. It is not an “easy exit” but a new tool that uses a small percentage of your total holdings to turbocharges your financial and community outcomes.
Each pooler signs an income pooling agreement committing a percentage of their future personal income from secondaries and exits to a pool. This commitment's value is based on the current company valuation and determines your share of the pool's future liquidity.
For instance, in a pool of 10 founders each holding $10M of equity and pooling in 1%, the pool's value stands at $1M, with each founder owning a 10% pro-rata stake in the pool's future liquidity.
In general contributions into the pool are calculated on the gross amount of liquidity and distributions to you from the pool will be taxed either as income or capital gains, depending on your jurisdiction. We expect some US founders will pay no tax on their first $10M of liquidity (Qualified Small Business Stock exemption).
Yes. While we have a rigorous vetting process to accept pools to the network, you form your own pool and thus have final say on who's in your specific group.
Individuals are on average committing 3% of their future liquidity to a pool.
When you create a pool for your founders, you incentivize platform, collaboration and risk taking, shown to increase IRR by as much as 11%. Depending how many founders you pool, you may also earn some of the pool's liquidity directly.
Our custom GPT "The Pool Boy" will be happy to go deep with you on any topic!