Steve Blank

APRIL 10, 2019

Startup employees calculated that a) their hard work could change the odds and b) someday the stock options they were vesting might make them into millionaires. The stock trickled out over four years, as you would “vest” 1/48 th of the option each month. Essentially the company sells them the stock at zero cost, and they reverse vest.

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Stock Options Stock Vesting Common Stock 333

Steve Blank

JULY 19, 2010

As a founder I fought with VC’s over vesting as they brought in a new CEO and walked me out the door. As a board member I negotiated with founding CEO’s over vesting when I thought it was their time to go. Yet the traditional vesting model ignores this. It’s time to rethink how we vest stock for founding CEOs.

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Steve Blank

MAY 19, 2015

When we did, I asked him about his head of HR, and heard all about what great medical and insurance benefits, stock vesting, automated expense account forms, movie night, company picnics, etc., I suggested that were seven things he could do – some quickly, some over time: Put together a simple plan for managing this next wave of hiring.

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Technical Review Salary Early Stage Software Review 120

Steve Blank

JUNE 15, 2010

Will they tailor your vesting to your contribution as a founder? By the time the company gets to the build-stage (the Transition) what differentiates VC’s is how many turn the founders into builders versus relying on bringing in new, more experienced management to lead the transition. What startup stage do they typically invest in?

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Founder Vesting Later Stage Early Stage 231

Steve Blank

OCTOBER 24, 2017

A founder’s lack of credibility/experience in growing and managing a large company hindered a company that wanted to go public. The founders along with all the other employees would vest their stock over 4 years (earning 1/48 a month). Some founders have three-year vesting. Today, these are no longer hard and fast rules.

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Steve Blank

SEPTEMBER 2, 2015

Kathryn Minshew , a former management consultant at McKinsey , is CEO and co-founder of TheMuse.com , a career platform helping 40+ million people build amazing careers. Kathryn : Absolutely and that brings me to another point which is have vesting. If you can’t hear the clip, click here. Broken startup dreams.

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Entrepreneur New York Cofounder Equity 120