NZ Entrepreneur

SEPTEMBER 29, 2021

Startup founders are our ambitious problem solvers. Startup founders are driven to solve problems and make a difference – many want to literally change the world. Sometimes that will include pivoting the company, sometimes that will see the chair step in to act as CEO so the founder can fully recharge. Risk and reward.

Technical Review 87

Technical Review Software Review New Zealand Due Diligence 87

Gust

DECEMBER 1, 2011

Notice what is missing from this list of priorities: The company itself – that is, a business entity, most often a corporation , that will own the entire business (however defined), issue equity to founders, take investment capital , enter into contracts, make sales, pay employees and contractors, and so forth.

IP 114

IP Intellectual Property Equity Liquidity Event 114

Agile VC

DECEMBER 4, 2014

I like to say that “there are only co-founders” — it’s extraordinarily rare for a successful business to have just a sole founder. But not all co-founders are equal in terms of title, ownership, responsibilities, and so forth. Sometimes co-founders put off the equity split question for some time.

Cofounder 173

Cofounder Equity Founder Sweat Equity 173

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.

Founder 51

Founder Startup Cofounder Vesting 51

Both Sides of the Table

MAY 10, 2015

I often speak about co-founder fighting and how this ends in lawsuits but this has become much more prevalent. I’d encourage you to watch this quick 3-minute video with some views on what I call “ The Co-Founder Mythology ” that is perpetuated in Silicon Valley. Lawsuits are particularly common amongst co-founders.

Vesting 150

Vesting Cofounder IP Stock Options 150

Both Sides of the Table

FEBRUARY 10, 2011

The interesting thing about working with angels (the tech founder kind) is that they’ve all run their own startups before so there is instant resonance with what you’re going through, the issues you’ll face and how to best help. Founders need to see eye-to-eye or things will be very difficult.

Angel Investor 302

Angel Investor Cofounder Southern California .Net 302

Both Sides of the Table

MAY 5, 2011

I gave him the same advice I give nearly all over-worked, control-freak, do-everything-yourself startup founders: “Your number one priority isn’t any of these things. There’s you and your killer CTO co-founder. It’s a very cool vibe at Founder’s Coop. Passionate Entrepreneurs & Ambassadors.

Seattle 317

Seattle Silicon Valley Technical Review Los Angeles 317

The Startup Lawyer

JANUARY 28, 2010

Often a startup founder will desire to license his or her intellectual property to a new startup venture, rather than transfer ownership to the startup at incorporation via a technology assignment agreement. Founder IP License Problem. Founder IP Should Become Startup IP. This is a bad idea. Conclusion.

IP 53

IP Intellectual Property Founder Cofounder 53

Hippoland

APRIL 10, 2016

Dear elizy : I started a company in school with two co-founders. Ada is my professor, and we are using her lab, and the company is based on her research, though the IP is assigned to the company. First off, whatever you decide, you should implement vesting. Let’s call them Ada and Bob. 15% would be incredibly generous!

Cofounder 48

Cofounder Cap Table Equity Vesting 48

www.seriesseed.com

DECEMBER 9, 2012

It would be helpful to get a California standard employee manual, employee contract/agreements, IP ownership release to company, and confidentiality. This is all built into a typical founder stock purchase agreement. There are some Vesting terms for founders in the term sheet but I can't find them in the others documents too.

Finance 40

Finance Term Sheet Vesting LLC 40

The Startup Lawyer

MARCH 17, 2010

6) Initial Founders Issuance: 8,000,000 Shares. (7) 7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 8) Vest Founders Shares?: 9) Vesting Schedule for Founders Shares: 4 years with a One Year Cliff. (10) 4) Type of Shares: Common Stock. (5)

Accredited Investor 112

Accredited Investor Delaware NDA Vesting 112

The Startup Lawyer

MARCH 17, 2010

6) Initial Founders Issuance: 8,000,000 Shares. (7) 7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 8) Vest Founders Shares?: 9) Vesting Schedule for Founders Shares: 4 years with a One Year Cliff. (10) 4) Type of Shares: Common Stock. (5)

Accredited Investor 112

Accredited Investor Delaware NDA Vesting 112

Austin Startup

AUGUST 20, 2017

Set any vesting schedules and expiration dates on roughly similar terms, if for no other reason just so you can track all of them correctly. Kalanick, former investor BFF turned highly disappointed by founder behavior. Usually the founders duke it out among themselves as to titles and responsibilities and relative shareholdings.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

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.

Founder 44

Founder Vesting Agile Startup 44

Both Sides of the Table

SEPTEMBER 18, 2014

I know how to structure around that to protect the founders from getting screwed on a multiple liquidation preference. But most VCs don’t bother so many convertible note founders get screwed and never know it until they sell their companies. of the time I have no vested interest in having the debate. My colleague: Whoa.

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Both Sides of the Table

MAY 17, 2012

I guess my thoughts are that if you’re part of the country club you have a vested interest in protecting the existing order and that disruption happens more from those that are on the outside wanting to change the rules. I’m ok with founders who have “father issues.” It’s something I kind of seek out.

Vesting 336

Vesting IP Entrepreneur Restful 336

Scott Edward Walker

NOVEMBER 2, 2011

Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). Button-down IP ownership and assignment issues (see post here ). Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ).

Accredited Investor 111

Accredited Investor Stock Options Delaware Silicon Valley 111

Scott Edward Walker

OCTOBER 27, 2015

We charge a flat fee of $2,000, plus filing fees, for up to three co-founders and it includes unlimited phone calls and emails. Thus, founders never have to worry about picking-up the phone and asking their lawyers questions. Button-down IP ownership and assignment issues (see post here ).

Intellectual Property 40

Intellectual Property Accredited Investor Vesting Delaware 40

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.”)

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

The Startup Lawyer

AUGUST 18, 2010

Want to vest your founders’ shares ? And you can definitely forget about a technology transfer agreement or anything else IP-related. The 19 other “tasks&# they list? Little or no value. Can’t do that through an incorporation service.

Vesting 94

Vesting IP Startup Stock 94

Scott Edward Walker

JUNE 23, 2011

Introduction I love working with startups – and trying to protect founders and watch their backs. 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. Potential Criminal Violations Employment Laws.

Accredited Investor 82

Accredited Investor Sweat Equity Finder Los Angeles 82

Gust

SEPTEMBER 17, 2014

I know how to structure around that to protect the founders from getting screwed on a multiple liquidation preference. But most VCs don’t bother so many convertible note founders get screwed and never know it until they sell their companies. of the time I have no vested interest in having the debate. I see that all the time.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

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.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Austin Startup

DECEMBER 10, 2017

Are we teaching founders more than they need to know? I bring this up because I believe we are often trying to teach founders how to do everything in their startups from scratch. Startup founders had better be in much more of a hurry than that. I effectively became, shall we say, the job superintendent for the founder.

Georgia 48

Georgia Startup Incubator Harvest 48

The Startup Lawyer

JANUARY 31, 2010

What if a co-founder decides to bolt? vesting schedule and company repurchase option ). What if your startup’s rockstar developer claims ownership of the startup’s IP? Instead, startup legal documents are a safety net. Good startup legal documents make sure your startup doesn’t free fall to the ground (i.e.,

Vesting 40

Vesting IP Cofounder .Net 40

infochachkie.com

SEPTEMBER 24, 2011

Allow the consultant to invest in your future success; in lieu of cash, grant them equity in the form of Non-qualified Options that vest based upon the attainment of quantifiable goals; keep in mind that adverse tax consequences may be associated with such equity grants, so check with your accountant before deploying this form of compensation.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

maplebutter.com

JANUARY 8, 2013

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. As founders invest massive amounts of time into their start-up, how critical is it for them to come out of their “hermit caves” and network? Non of this academic stuff.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

blog.expensify.com

APRIL 24, 2012

there are start ups who are legitimately using.net because they don’t need to look directly into the tcp/ip stack. Purchase IP from the vendors. The founders (Joel Spolsky and Jeff Atwood, BTW) are so passionate about programming that they wanted to build *the* place where long-tail programming questions get answers.

Java 107

Java PHP Software Review Coder 107