Both Sides of the Table
JULY 22, 2010
I don’t feel that as a VC sneaking in nefarious terms into a term sheet that the entrepreneur doesn’t understand is a good way to build a long-term relationship nor to build a long-term reputation but this does happen and more frequently than we all would like. No option pool shuffle. No gotchas.
This is going to be BIG.
AUGUST 21, 2023
Because you’ve still only got a handful of people on your team and you’re doing nine jobs—none of which involves creating enough reputation and industry notoriety to get on the radar of an investor quite yet. Here’s the option pool that I think fairly incentivizes you. They’re not excited about what you specifically are doing.
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www.paulgraham.com
APRIL 28, 2010
One of the dangers of taking investment from individual angels,rather than through an angel group or investment firm, is that theyhave less reputation to protect. 5 ] Another danger of less known firms is that, like angels, they haveless reputation to protect. So after this the option pool is down to 13.7%). [
Scott Edward Walker
NOVEMBER 26, 2017
From a practical perspective, this means getting actively involved in your local tech community, regularly attending industry events and conferences, writing blog posts/articles, integrating yourself into communities on social networks and, of course, doing outstanding work as an employee (to develop a great reputation).
Both Sides of the Table
SEPTEMBER 1, 2011
Even if you’re super successful there will at times be dissent on issues like: Firing founding employees, increasing the size of the option pool, putting in place provisions about selling on secondary markets, agreeing controversial “bet the company&# strategic biz dev deals and the like. Not enough skin in the game.
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