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Do It Right The First Time: Avoiding “Janitorial” Legal Work

Gust

Nevertheless, choosing to defer basic corporate housekeeping items can be disastrous in some circumstances, as when the failure to spend a few thousand dollars on legal fees to clarify IP ownership and equity arrangements comes back to bite a successful company to the tune of millions of dollars on the eve of a liquidity event. Good stuff!

IP 114
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How to Divide Founder Equity: 4 Criteria to Discuss

View from Seed

Co-founder equity should have vesting periods (or lapsing repurchase rights) so if a co-founder departs substantially earlier than others, their stake in the business is accordingly smaller. Ideation/IP. Sometimes, however, there’s an existing code base that one co-founder brings.

Equity 315
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Punch & Pie: How Should Co-Founders Divide Equity?

Agile VC

Co-founder equity should have vesting periods (or lapsing repurchase rights) so if a co-founder departs substantially earlier than others, their stake in the business is accordingly smaller. Sometimes, however, there’s an existing code base that one co-founder brings.

Cofounder 255
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Punch & Pie: How Should Co-Founders Divide Equity?

Agile VC

Co-founder equity should have vesting periods (or lapsing repurchase rights) so if a co-founder departs substantially earlier than others, their stake in the business is accordingly smaller. Sometimes, however, there’s an existing code base that one co-founder brings.

Cofounder 173
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Most Common Early Start-up Mistakes

Both Sides of the Table

To the best of my knowledge US law allows you to work on your own resources and in your own hours and let you personally own your IP. In some countries outside the US (the UK for example) employers can specify in an employment contract that ANY IP you develop while you’re employed by that company is owned by them.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

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. founders’ shares subject to vesting) and IRS filings for most favorable tax treatment of those shares. Newco, Inc.”)

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6 Ways For Startups To Reduce Operating Costs

YoungUpstarts

The most logical place to start thinking about technology is in the area of Internet and phone connections. These solutions typically shave off overhead costs by simplifying IT management processes, and combining traditional phone and Internet service into a single online connection using an existing IP PBX system.