Startup Professionals Musings

AUGUST 10, 2019

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-founders to help you? The co-founder relationship dilemma.

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Startup Professionals Musings

JULY 19, 2013

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-Founders to help you? The co-Founder relationship dilemma.

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Scott Edward Walker

DECEMBER 14, 2015

One of the biggest mistakes I see startups make is failing to set-up vesting schedules for the founders. v=-R01YcgJ3Yw What Is a Vesting Schedule? A vesting schedule is a mechanism by which the ownership of the stock issued to the founders is earned over time (typically four years, as discussed below), rather than immediately.

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Hippoland

APRIL 10, 2016

Dear elizy : I started a company in school with two co-founders. First off, whatever you decide, you should implement vesting. Standard vesting practices in the Silicon Valley at this time of writing are 4 year vesting with a 1 year cliff. Let’s call them Ada and Bob. 15% would be incredibly generous!

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Cofounder Cap Table Equity Vesting 48

Startup Professionals Musings

DECEMBER 14, 2014

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-Founders to help you? The co-Founder relationship dilemma.

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Steve Blank

OCTOBER 24, 2017

Why do these founders get to stay around? Because the balance of power has dramatically shifted from investors to founders. VCs competing for unicorn investments have given founders control of the board. A pre-IPO board usually had two founders, two VCs and one “independent” member. Hire a CEO to Go Public.

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Startup Professionals Musings

AUGUST 19, 2017

Most entrepreneurs struggle with many startup founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-founders to help you? The co-founder relationship dilemma.

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Hockey Stick Cofounder Entrepreneur Liquidity Event 144

Startup Professionals Musings

MAY 18, 2015

Even though initial stock has no value or market, it is extremely valuable in dividing entity ownership between multiple co-founders, commensurate with their investment, contribution and role. Make sure the government waits for a stock sale to collect taxes. Key founder vesting should have no cliff.

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The Next Web

AUGUST 26, 2013

Editor’s note: This is a guest post by Christian Reber, CEO and co-founder of Berlin-based 6Wunderkinder. But never give away shares without vesting. 60-70% for founders. As a founder you need to develop this skill very quickly. Most good founders somehow are crazy, in a good way. 10-20% for employees.

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www.avc.com

SEPTEMBER 22, 2011

To be clear, these are hires we are talking about, not co-founders. Co-founders are an entirely different discussion and I am not talking about them in this post. Startups should be able to dramatically increase the value of their equity over the four years a stock grant vests.

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YoungUpstarts

JANUARY 9, 2014

Product liability insurance protects you and your business from any claims concerning the manufacture and sale of your product to the public. Vest your Equity over time. When searching for the right co-founders for your business it is essential that they possess a similar work ethic.

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venturehacks.com

FEBRUARY 24, 2010

SUPPORTED BY Products Archives @venturehacks Books AngelList About RSS How to pick a co-founder by Naval Ravikant on November 12th, 2009 Update : Also see our 40-minute interview on this topic. Picking a co-founder is your most important decision. One founder companies can work, against the odds (hello, Mark Zuckerberg).

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Both Sides of the Table

JULY 16, 2013

And if your ultimate strategy is a small sale of the business that recovers investment and puts some cash in your pocket – having more time to make this work makes a lot of sense. And revisit my point about whether you are the archetypal founder who will get tons of money thrust upon you. Your VC is right. If that narrows to $1.5

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Gust

NOVEMBER 4, 2011

There were two distinct classes of employee equity (issued by Intermix and MySpace, respectively) with different valuation and vesting situations—and, most significantly, a $125 million valuation cap applied to the buyout of MySpace equity that was triggered by the acquisition of Intermix. Read on for a fuller explanation. by February 2006).

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www.inc.com

SEPTEMBER 24, 2011

Sales & Marketing | Wednesdays. SALES & MARKETING. Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., He suggests granting the options on day one but making sure they vest only upon satisfactory completion of the project. The Goods: Your Business Toolbox | Thursdays. Finance | Tuesdays.

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Eric Friedman

JUNE 27, 2016

Total = 0.75% for 3 advisors that vest as you see fit to help you over the next 1–4 years (more on vesting below). Big strategic advisors are the folks that add credibility to your co. from a 10 year old co. Here are the questions I like to see founders ask potential advisors; 1. Vesting Schedules.

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blog.simeonov.com

FEBRUARY 22, 2010

Simeon, can you tell us how you structure ownership and control so you can fire your co-founders if necessary? The first part will dispel some myths, address the lifecycle of founder agreements and the key compensation and control parameters in them. Let’s start by dispelling some myths: There is a standard founder agreement.

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www.copelandfirm.com

OCTOBER 21, 2010

Home About Fee Arrangements Location Referrals Testimonials Business Law HUB Certification Mergers & Acquisitions Startup Advice Intellectual Property Copyrights Trademarks Securities Law Debt and Bridge Financing Series A Startup Law Entity Formation Corporation LLC Series LLC RSS Founders Shares: How do you split them up?

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Gust

DECEMBER 8, 2011

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Determine who will serve on the Board of Directors and in executive officer positions (usually founders). Newco, Inc.”)

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ithacaVC

APRIL 29, 2011

Hypo: 3 co-founders start a business with Joe initially owning 35%, Lisa initially owning 35% and Steve initially owning 30%. One of my biggest concerns in this incredibly common situation is protecting each founder from the other founders’ free riding. The typical vesting period would be 3 years.

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infochachkie.com

SEPTEMBER 24, 2011

If a consultant claims they can enhance your marketing efforts, pay them based on their direct impact on your incremental sales. Such positions include: PR, Sales, Product Development, Lead Generation, Strategic Planning, Fund Raising, etc. Passion Cannot be Outsourced. Pyramid Power. The larger the firm, the larger the pyramid.

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ConversionXL

NOVEMBER 6, 2019

Mike Arsenault and his two co-founders—all with technical backgrounds—built their MVP while working full time for other SaaS companies. “We An engineer by training, Founder and CEO Larry Gadea built the MVP of Envoy’s first product, Visitors, by himself using only free versions of software. “I spent $20k on their MVP.

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ConversionXL

NOVEMBER 6, 2019

Mike Arsenault and his two co-founders—all with technical backgrounds—built their MVP while working full time for other SaaS companies. “We An engineer by training, Founder and CEO Larry Gadea built the MVP of Envoy’s first product, Visitors, by himself using only free versions of software. “I spent $20k on their MVP.

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Sweat Equity Software Review Vesting Cofounder 50

The Startup Lawyer

MARCH 1, 2010

The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., It also scales back the right of first refusal and jettisons the co-sale right. 2) Series Seed Stock Preferred Stock Purchase Agreement.

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Diego Basch

JUNE 21, 2012

The purpose of this post is to analyze the folowing problem: Joe Founder comes to Silicon Valley with a laptop full of dreams, but no money. ” Joe gets Wayne Cofounder to join him, and they put together an impressive demo of ZombiePlatypus. A struggle between founders and VCs ensues. What should Joe do?

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Silicon Valley Las Vegas San Francisco Vesting 78

Start Up Blog

APRIL 28, 2011

Does the store have an emotional footprint or large ‘sale’ signs? What we’ve seen in digital…’A mashup co-creation, mass customised society’… we will inevitably see in retail…. These founders are imbuing their new businesses with the values of our time. A community who vest their interests in each other.

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Moldova Internet Australia Libya 91

Both Sides of the Table

MAY 13, 2010

Take Jerry Yang, the co-founder of Yahoo! Your sales team is pounding the table because engineering won’t ship new features fast enough. Marketing wants the sales teams to use the materials they’ve produced. Bad leaders want to be loved too much and their companies (or countries) suffer.

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David Teten

DECEMBER 3, 2019

To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. The 11 Steps of Investing in Private Companies.

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The Startup Lawyer

MARCH 1, 2010

The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., It also scales back the right of first refusal and jettisons the co-sale right. 2) Series Seed Stock Preferred Stock Purchase Agreement.

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Preferred Stock Term Sheet Redemption Registration Rights 40

www.metamorphblog.com

OCTOBER 23, 2010

Home About Contact Home About Contact The Metamorphosis Becoming an Entrepreneur, by Matt Mireles Startup Lessons for the Proto-Founder I started SpeakerText in October 2008 during the financial apocalypse. You need a Co-Founder, not an Engineering Bitch. Treat everyone you hire like a co-founder. Vest, young man.

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Founder Startup Cofounder Vesting 51

www.chubbybrain.com

SEPTEMBER 28, 2011

After a thorough analysis of those 32 start-up post-mortems, we have determined the common reasons founders gave to compile this list of the top 20 ways to have your startup fail. Work life balance is not something that startup founders often get and so the risk of burning out is high. 13 – Disharmony with Investors/Co-founders.

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Ben's Blog

APRIL 28, 2010

In this post, I describe why we prefer to fund companies whose founder will run the company as its CEO. As we looked at the history of great technology companies, we discovered that founders ran an overwhelming majority of them for a very long time, including: Acer—Stan Shih. Siebel—Tom Siebel. Sony—Akio Morita. Sun—Scott McNeely.

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maplebutter.com

JANUARY 8, 2013

Do that – nothing else but one product / company / focus and get to $1M in sales with atleast $15% net profit. Whats is the best way to find a co-founder for your startup? However, one of my co-founders doesn’t seem to be as motivated as the rest of us. I also like to get a sale $$$ ASAP.

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Technical Review Startup Cofounder Software Review 44

NZ Entrepreneur

JULY 12, 2018

We often see single founders slogging it out on their own. Founders can be reluctant to give up equity and control of their idea to bring in a co-founder alongside them to share in the decision making, as well as the highs and lows. Do you really need a co-founder? In fact, the average start-up had 1.72

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Cofounder Founder Vesting Cap Table 44

Up and Running

APRIL 3, 2018

But it was Gary Keller, the co-founder of Keller-Williams Realty, the world’s largest residential real estate firm and the author of the book, “ The One Thing ,” who took it further. The same goes for leadership, sales, finance, and even personal areas such as health or family relationships.

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Both Sides of the Table

MARCH 10, 2013

It would be yet another distraction for this fledgling CEO and he felt he needed to focus on biz dev, sales, marketing and fund raising. Founders have to live with the day-to-day consequences of their decisions and are closer to the nuances of the business. He had vested 18 months or so. That’s how I see the role of a VC.

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The Startup Toolkit

JANUARY 10, 2017

The most common (and emotional) screwing you’ll get in a startup is via your cofounders. First, some examples: A buddy of mine had done the hard work of finding two excellent tech cofounders. It’s not just cofounders. But because they have equity, cofounder screwings are different. A solution at the end.

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