Adi Hisse (Common Stock), bir \u015firketin temel sahiplik birimidir. Kurucular ve \u00e7al\u0131\u015fanlar genellikle common stock al\u0131r, oy hakk\u0131 verir ve \u015firket de\u011fer kazand\u0131k\u00e7a yarar sa\u011flar.<\/p>\n
Common stock, bir \u015firketin sahipli\u011findeki temel formdur. Common stockholders \u015firketin: Oy haklar\u0131na sahiptir (typically one vote per share), Dividend alabilir (board karar\u0131 ile), \u015eirket likide olursa preferred stockholders’tan sonra residual claims’i al\u0131r, ve Capital appreciation’dan yararlanabilir. \u00c7o\u011fu startup’ta kurucular, erken \u00e7al\u0131\u015fanlar ve option holders common stock al\u0131r.<\/p>\n
\u00d6nemli farklar: Voting Rights \u2014 Common genellikle 1 oy per share, Preferred opsiyonel. Dividend Priority \u2014 Preferred \u00f6nce al\u0131r. Liquidation Preference \u2014 Preferred \u00f6nce, common son. Anti-Dilution Protection \u2014 Sadece preferred i\u00e7in. Conversion Rights \u2014 Preferred \u2192 Common (preferred’in tercihine g\u00f6re). Information Rights \u2014 Preferred i\u00e7in ek bilgi. \u00c7o\u011fu startup VC turlar\u0131nda preferred stock satar.<\/p>\n
Common stockholder’lar (kurucular, \u00e7al\u0131\u015fanlar) i\u00e7in riskler: Liquidation waterfall sonunda \u00f6deme al\u0131r (preferred preferences \u00e7\u0131k\u0131ld\u0131ktan sonra), Down round senaryolar\u0131nda ciddi dil\u00fcsyon, \u00c7o\u011fu “unicorn” exit’inde common holders s\u0131f\u0131ra yak\u0131n alabilir, Tax disadvantages (preferred stock’a g\u00f6re), ve S\u0131n\u0131rl\u0131 bilgi haklar\u0131. Bu nedenle term sheet m\u00fczakerelerinde liquidation preferences kritiktir.<\/p>\n
Common stock’un \u00f6nemi: \u015eirket sahipli\u011finin temel \u00f6l\u00e7\u00fcs\u00fc, \u00c7al\u0131\u015fan motivasyonu (options \u2192 common), Public markets’ta neredeyse t\u00fcm trading common, IPO sonras\u0131 t\u00fcm preferred genellikle common’a d\u00f6n\u00fc\u015f\u00fcr, Long-term value creation i\u00e7in ana driver. Ba\u015far\u0131l\u0131 bir exit’te common holders en b\u00fcy\u00fck \u00e7arpan getirisini alabilir \u2014 ama waterfall’da en sondaki konum riski ta\u015f\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
TLDR: Adi Hisse (Common Stock), bir \u015firketin temel sahiplik birimidir. Kurucular ve \u00e7al\u0131\u015fanlar genellikle common stock al\u0131r, oy hakk\u0131 verir ve \u015firket de\u011fer kazand\u0131k\u00e7a yarar sa\u011flar. Common Stock Nedir? Common stock, bir \u015firketin sahipli\u011findeki temel formdur. Common stockholders \u015firketin: Oy haklar\u0131na sahiptir (typically one vote per share), Dividend alabilir (board karar\u0131 ile), \u015eirket likide olursa […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-7955","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=7955"}],"version-history":[{"count":4,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7955\/revisions"}],"predecessor-version":[{"id":9683,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7955\/revisions\/9683"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=7955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=7955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}