How to Fund a Startup
www.paulgraham.com
APRIL 28, 2010
Theyleave 20% as an options pool for later employees (but they setthings up so that they can issue this stock to themselves if theyget bought early and most is still unissued), and the three founderseach get 25%. So after this the option pool is down to 13.7%). [ Theres only common stock at this stage.
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