Altgate
JUNE 25, 2012
Facebook’s situation is far from unique, even among recent tech IPOs. Other prominent examples of drop-out co-founders who held significant amounts of dead equity include those at car-sharing company Zipcar and at tech startup govWorks.com (made famous in the movie “Startup.com”). They fail to include vesting terms (i.e.,
Altgate
AUGUST 25, 2012
Facebook’s situation is far from unique, even among recent tech IPOs. Other prominent examples of drop-out co-founders who held significant amounts of dead equity include those at car-sharing company Zipcar and at tech startup govWorks.com (made famous in the movie “Startup.com”). They fail to include vesting terms (i.e.,
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crowdSPRING Blog
JULY 1, 2011
Tech Start-Ups Struggle With Followup Fund-Raising – [link]. Interesting but punitive provision in Skype’s option plan allowing repurchase of even vested options at grant price – [link]. 10 Marketing Lessons for Early-Stage Tech Startups - [link]. 40 Fresh Illustrator Tutorials From 2011 – [link].
Tim Keane
DECEMBER 14, 2009
When this happens, (due in part to the need to keep fees low) things get both left out and included that later wisdom will suggest should've been included or left out. That advice is often both technical and srtructural. That advice is often both technical and srtructural.
www.mattbartus.com
SEPTEMBER 24, 2011
We will grant him/her X% fully diluted shares up front, and every time he/she makes an introduction, he/she will vest in 100 shares.” Imagine when it comes time to sell the company and the buyer says “Tell me how many shares are vested because this will impact how much we pay per share.” Keep on rocking! Thanks Casey!
www.seriesseed.com
DECEMBER 9, 2012
In reviewing these documents on the term sheet, last item, how is the term "double trigger" defined. Technical issues are fixed for Firefox users (thanks Rob for the comment). There are some Vesting terms for founders in the term sheet but I can't find them in the others documents too. Thanks for creating.
Tim Keane
JANUARY 12, 2010
These include: · Vesting of Founder Stock. Especially in situations where the founders have a large position and are key employees, it is not uncommon for investors to request that they agree to have some portion of their holdings vest on a schedule. November 2011. September 2011.
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