David Teten
MAY 7, 2019
We assume we’ll be structured as a traditional Delaware C corporation. We agree on an equity split, vesting, and initial compensation structure. The company has a long-term vision far beyond politics. As a VC, I’m interested in working with companies with large-scale revenue potential, and that’s the company we envision.
David Teten
JULY 10, 2019
We assume we’ll be structured as a traditional Delaware C corporation. We agree on an equity split, vesting, and initial compensation structure. The company has a long-term vision far beyond working with advocacy organizations. Q: What is the company’s political philosophy? See Ready to Join a New Management Team?
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The Startup Lawyer
MARCH 17, 2010
2) State of Incorporation: Delaware. (3) 8) Vest Founders Shares?: 9) Vesting Schedule for Founders Shares: 4 years with a One Year Cliff. (10) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) Hell Yes. (9)
The Startup Lawyer
MARCH 17, 2010
2) State of Incorporation: Delaware. (3) 8) Vest Founders Shares?: 9) Vesting Schedule for Founders Shares: 4 years with a One Year Cliff. (10) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) Hell Yes. (9)
Scott Edward Walker
NOVEMBER 2, 2011
Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). Form a corporation — not an LLC (see post here ) or a partnership (see post here ).
Gust
DECEMBER 8, 2011
Determine the allocation of equity among co-founders, early employees or other service providers, and future contributors as applicable, as well as the vesting schedule , if any, that will apply. Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco).
Scott Edward Walker
OCTOBER 27, 2015
Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). Legal Checklist for Startups.
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