I am the CEO of a startup. Inquiry about establishing a new corporation
Hello. I have started a startup several times, experienced both great success and great failure, and am starting another business to grow again.
As I was building the company, the time came when I had to attract investment, and after much deliberation,
I decided to split the business I was running into about three new startups and incorporate them.
After testing in one place, I concluded that the items for each business were sufficiently viable at this time, so I proceeded to recruit professional managers and hired three executives from large companies as CEOs.
Because of the failures of the past business, I am paying in installments every month due to personal credit and debts that have not yet been resolved. Therefore, the current corporation cannot receive any support provided by the government, or participate in various startup competitions or IRs.
I plan to establish a holding company and establish three new corporations, each with a professional CEO, and participate in government support programs and various IRs.
I intend to remain as a major shareholder in the form of founder or chairman,
I am worried that the traces of the major shareholder's failure will affect the new corporation even if new CEOs are appointed.
Recently, a competitor operating a business item in one of the three businesses attracted hundreds of billions of won in investment.
We have also held meetings to acquire parts of our business by those companies, while solving even the problems that those companies couldn't solve.
However, I was doubtful whether the company would operate our business properly even if it acquired our business area, and we were able to solve the problems in the business areas that those companies operate, so we could operate more efficiently. So, we decided to incorporate and proceed with the business. The reason for separating from the current corporation is because of the risk of me, the founder.
I am very worried about what kind of corporation to establish.
A holding company invests, establishes a new corporation, and the CEO of the corporation is a professional manager.
Starting from the Guarantee Fund, it is possible to establish a corporate research institute, obtain venture business certification, women-owned business certification, and ESG-related certification, and we are in a condition where we can achieve sales and a turnaround as soon as we establish the company, and we have already finished preparing for overseas expansion. Therefore, Series ABC stage investment can also be attracted in the shortest period of time.
The problem here is just me.
One of the reasons why I want to start an investment company in the future is that when I run a company and lose everything, including personal debt, and end the business, there are basic conditions that make it difficult to get back on my feet in Korea.
So, I want to establish an investment company that provides opportunities to early entrepreneurs as well.
Because these companies were created by doing the practical work one by one, I want to operate these companies in a slightly better way to keep my promise to the employees who dreamed together within this company.
If there is a good method, I would like to ask for your opinion.
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