A sound and well-designed equity structure is particularly crucial for companies planning to raise capital or those that have already done so. If the equity structure is not properly designed and arranged at the startup stage, it may create serious risks for future development, such as dispersed control, excessive dilution of the actual controller's stake after multiple financing rounds, inability to implement reasonable team incentives, and reduced efficiency in corporate decision-making. Based on practical project experience, this article compiles ten key points in equity design for asset-light companies for your reference.