Tim Keane

JANUARY 12, 2010

Bottom Up Market Sizing » January 12, 2010. Please see later version of this post on May 16, 2010 Entrepreneurs are often not experts in the area of term-sheet negotiations and all of the surrounding issues. These include: ·       Vesting of Founder Stock. October 2010. September 2010.

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Term Sheet Valuation Dividend Liquidation Preference 68

The Startup Lawyer

DECEMBER 13, 2010

I’ve drafted and/or reviewed several financing docs in 2010, but the most valuable work product I’ve dispensed to startups this year are actually sentences such as: That option grant is fine, provided we vest his shares. Burn the term sheet unless they delete that provision. That’s f ing crazy.

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Term Sheet Vesting Hiring Finance 87

www.copelandfirm.com

OCTOBER 21, 2010

Startup Law 24 February 2010 There are a few common ways that founders split up equity and ownership of the company: 1.) Solutions to Divvying up Founders Shares In my experience, the best way to distribute founders shares is through unequal distribution with vesting. Equally: each founder get the same amount of equity.

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Intellectual Property Founder Vesting Bridge Financing 40

grasshopper.com

SEPTEMBER 24, 2011

July 29, 2010. Vested Equity. Before accepting an equity-based pay arrangement, you should determine if the equity is vested, or granted all up front. Vested equity is paid out in increments over time. If you are to receive a 2% equity stake vested over the course of four years, you might receive 0.5% How it Works.

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Equity Vesting Sweat Equity Salary 41

Scott Edward Walker

JUNE 23, 2011

Not only are there key contractual issues that must be buttoned-down (like vesting and IP assignment ), but also there is a minefield of laws and regulations that must be complied with. For example, in January 2010, the U.S. Introduction I love working with startups – and trying to protect founders and watch their backs.

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Accredited Investor Sweat Equity Los Angeles Finder 82

www.startuplessonslearned.com

MAY 4, 2012

In my dataset, half of the teams had neglected to include any dynamic elements (vesting, buyout terms, and the like) in their equity agreements, sentencing themselves to the same risks faced by the Zipcar and govWorks.com teams. ► 2010. (50). How should founders deal with such developments? .” A month is fifteen weekends.

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Equity Founder Technical Cofounder Cofounder 72

SoCal CTO

MAY 4, 2010

Some great posts from April 2010 that talk to me in terms of being a CTO at a Startup. Ben Casnocha: The Blog , April 15, 2010 Everyone I spoke with loved the idea. Redeye VC , April 13, 2010 Startup Development - SoCal CTO , April 23, 2010 Want to Know the Difference Between a CTO and a VP Engineering?

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CTO Hire Vesting Venture Capital Startup 150

Both Sides of the Table

APRIL 21, 2010

If I ever say anything less than positive, I have no vested interests in doing so. Peer-to-peer lending service; started on FaceBook; claim to own 79% of the US peer lending market in March 2010 with a whopping $8,664,750. This is the market that Wonga serves and they are killing it! LendingClub. 24.5mm in Series C.

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Venture Capital Social Network Angel Investor Chad 265

www.chubbybrain.com

SEPTEMBER 28, 2011

October 3rd, 2010 the Chubby Team 48 Comments. Go vest yourself. So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders. Believing that any startup won’t have to deal with stock vesting issues is totally unrealistic. Quora says: October 4, 2010 at.

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Software Review Startup Technical Review Vesting 79

Altgate

DECEMBER 11, 2008

Make sure you include a basic form of vesting. If you can’t afford this then make very simple, clear, plain English, written, signed agreements with you “co-founders”. Keep them simple, and keep physical copies. If they won’t sign it, write down something that they will sign.

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Founder Intellectual Property Colorado Boston 28

Professor VC

FEBRUARY 26, 2008

Challenge the Status Quo - StubHub entered an industry dominated by a couple of large players who had a vested interest to block the legality of their business of providing a marketplace for the sale of tickets in the secondary market. ► 2010. (7). There are going to be a lot of tough times and perseverance is essential.

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Technical Review San Jose Angel Investor Silicon Valley 28

thestartuplawyer.com

FEBRUARY 24, 2010

Tamer Salama says: August 14, 2010 at 11:32 am Thank you for your great posts. Tamer Salama says: August 14, 2010 at 6:32 am Thank you for your great posts. Ryan Roberts says: August 20, 2010 at 9:41 am Thanks for the kind words, Tamer. Ryan Roberts says: August 20, 2010 at 4:41 am Thanks for the kind words, Tamer.

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www.founderinstitute.com

MARCH 2, 2010

Single trigger vesting , which allows founders to vest all of their equity and make money in an exit. Many investors require "double trigger vesting," which means that the company needs to sell and the founder needs to be terminated for his or her shares to vest. This is a downside protection term.

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Term Sheet Liquidation Preference Vesting San Diego 40

Steve Blank

SEPTEMBER 2, 2015

Here’s what she had to say about why the venture failed: Kathryn : The four of us built this startup, which started off as a side project and slowly turned into a business from September of 2010 to June of 2011. Kathryn : Absolutely and that brings me to another point which is have vesting.

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Entrepreneur New York Cofounder Equity 120

www.quora.com

SEPTEMBER 22, 2011

Update Link to Questions, Topics and People Add Find Questions, Topics or People Cancel Flag Answer 2 Comments • Mar 9, 2010 Cheers Anon - EPIC answer! +1 1 and lots of thanks for articulating this so well Matthew Carroll • Nov 3, 2010 I'm curious how relevant this answer is now, one year later. is lowered.

Equity 40

Equity Employee Founder Cofounder 40

dondodge.typepad.com

JANUARY 15, 2011

How often are you seeing immediate/accelerated vesting upon change of control? Best Posts Predictions for 2010 and the new decade Moving to the Cloud is not an all or nothing proposition Innovate or Imitate.Fame or Fortune? This puts potential payout into perspective for those thinking about founding or working for a startup.

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Equity Employee Dilution Valuation 40

venturehacks.com

FEBRUARY 24, 2010

Build in founder vesting (a.k.a. As a corporate lawyer for 15+ years, I just wanted to echo your sound advice that co-founders should impose reasonable vesting restrictions on the equity issued them. Reply # Melanie Curtiss · May 5, 2010 Thank you for this blog post. Grow VC > Blog - Jan 2, 2010 [.]

Cofounder 101

Cofounder Founder Technical Cofounder Technical Review 101

thinkspace.com

SEPTEMBER 7, 2012

How long should people vest – four years? Investors routinely subject founder shares to vesting, but there is no rule that says that founders cannot, or should not, impose vesting on themselves. And the vesting doesn’t necessarily need to be time-based either. 2009 2010 2011. Five years?

Equity 62

Equity Employee Founder CTO Hire 62

Professor VC

SEPTEMBER 24, 2009

The point is their opinions werent clouded by any vested interest or lengthy analysis. May 14, 2010 10:31 PM. ► 2010. (7). Turns out they were right and the statue was fake. Whether this was gut, natural intuition, or some other subconscious analysis from years in the field, it doesnt matter. 1 comment: LK said.

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San Jose Angel Investor Venture Capital Mezzanine 33

Startup Lessons Learned

MARCH 3, 2009

Teamwork and a vested interest in success of the whole group is crucial. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0, April 23, 2010 in San Francisco. Facebook Fans Recent & Upcoming Events 2010 I am experimenting with using Plancast to track my 2010 event schedule. Bring your questions.

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Employee San Francisco Lean Software Review 146

www.metamorphblog.com

OCTOBER 23, 2010

We launched in January 2010 after burning through just $4k of cash. Vest, young man. Starting a company without vesting your stock is like getting your girlfriend pregnant on the first date. I wanna be like you when I grow up Can you expand on the vesting topic? link] Matt Mireles Vesting is important.

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Founder Startup Cofounder Vesting 51

Both Sides of the Table

AUGUST 30, 2010

One year ago I predicted that in 2010/11 the economy, far from being on the path of permanent recovery was on a temporary resurgence and there was a strong possibility of a “double dip” recession. between June and July 2010 (and 25% from a year ago). raise money now to weather any storms).

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Entrepreneur Technical Review Balance Sheet Government 298

Professor VC

OCTOBER 11, 2010

Monday, October 11, 2010. Also, be sure to include vesting for all founders. October 13, 2010 6:38 PM. October 18, 2010 2:41 PM. October 19, 2010 1:28 PM. ▼ 2010. (7). ProfessorVC. The last blogger in Silicon Valley. Is There Any Truth in "The Social Network"? Steve Bennet. at 11:35 PM. Post a Comment.

Social Network 28

Social Network Networking Software Review San Jose 28

www.chubbybrain.com

SEPTEMBER 28, 2011

So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”. One of the most overused startup words of 2010 was Pivot, but pivoting away from a bad product, a bad hire, a bad decision, etc quickly enough was cited as a reason for failure often. Menlo Ventures. startupcto

Cofounder 89

Cofounder Startup Technical Cofounder CTO Hire 89

David Teten

JANUARY 8, 2013

In 2010, I published the first-ever study of best practices in deal origination with my coauthor Chris Farmer. There are many people in the investment business that believe you have to play your cards close to your vest or you’ll get burned. And I understand that approach.

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Private Equity Social Media Equity Media 114

venturehacks.com

OCTOBER 21, 2010

Third, if you sell the company before the Series B, all un-issued and un-vested options will be cancelled. Reply # Nivi · Nov 18, 2007 Charlie, you are welcome to disagree but that is not the norm. :-) Even “worse&# , the founder’s shares are subject to vesting. Many Thanks! Makes interesting reading. a legal one.

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Option Pool Pre-Money Valuation Dilution Warrant 68

techcrunch.com

SEPTEMBER 6, 2012

Startups are guided through the closing by inputting information such as investors, the amount invested, how much is being raised in total, vesting schedules and more. Launch Date: 2010. Docs aims to eliminate some of the complexity of the actual raise by allowing users to enter information in fields, and produce a term sheet.

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Term Sheet San Francisco Technical Review Seed Stage 70

blog.expensify.com

APRIL 24, 2012

You can measure this yourself: go to any list of startups, maybe look at YCombinator’s recent graduate class , or Scoble’s list of picks for 2010 , or Sequoia’s list of seed companies — or go find a list you like better. December 2010. November 2010. October 2010. September 2010.

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Java PHP Software Review Coder 107

www.readwriteweb.com

FEBRUARY 23, 2010

7: Invest in Advisors : Give away a small amount of stock to advisors (which they can vest after a few years) who you can call on in a pickle or for general advice as issues arise. Posted by: Steve Weir | February 19, 2010 1:44 PM Awesome article!! LOL Posted by: _mark | February 20, 2010 12:08 AM Some of the best tips I have read.

Entrepreneur 69

Entrepreneur Venture Capital San Francisco New Zealand 69

Start Up Blog

DECEMBER 29, 2019

It’s amazing what can be said when words are not guided by vested interests. Sure, some new technologies are like shooting stars, but some change everything forever. So, for posterity’s sake, I’ve laid out a list of new technologies that changed how we do things, and maybe even the direction of our species.

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Technical Review China IPO Vesting 105