NanoGene Case Study

1
NanoGene Case Study

• By MTiPO
• Desiree Fabunan
• Yee Han Kuan
• Svyatoslav Mishchenko
• Patrick Lin Ngai Lung
• Wenhan Zhou

2
Decision

• Decision
• Hire Paige Miller as CEO
• Make Will Tompkins Chief Scientific Officer
• Assumptions
• We want to maximize the strength of the company
  and the team
• Paige will accept more responsibilities in
  exchange for a lot of equity
• Tompkins will accept relinquishing some of his
  responsibilities as CEO
• Co-founders will accept Paiges leadership

3
SWOT Analysis
4
Compensation Details

• Compensation
• 175,000 yearly
• 7.81 post-series A equity (3.15 times 2.5),
  vested at
• 20 at start, 20 at years end, 60 at 2 per
  month
• Motivation
• Keeping her responsible by giving ownership of
  the company
• Rewards (equity value) based on effort
• Vesting with milestones so that things get done
• Signals to Paige
• Her contribution and value to the company are
  important
• She has a lot of responsibility and power in the
  company
• Company did its best to provide a fair package
  given means

5
New Capitalization Table
5
6
Reality Test