Both Sides of the Table
AUGUST 17, 2009
This is part of my ongoing series “Pitching a VC“ There’s a great meme developing this morning on the need to simplify funding terms and documents. The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests.
Scott Edward Walker
SEPTEMBER 28, 2011
You also need to remember to file your 83(b) election with the Internal Revenue Service within 30 days after the grant/purchase date of the restricted shares (see tip #3 of my post “ Founder Vesting: Five Tips for Entrepreneurs ”). You need to make sure that any IP created by outside developers (i.e., IP Ownership.
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Gust
AUGUST 30, 2012
Size, Growth, Concentration, Geography, Demographics, Competition, Channels, Regulatory Environment, Technological Developments, Adjacent Markets, Characteristics of the Deal.
Both Sides of the Table
AUGUST 17, 2009
This is part of my ongoing series “ Pitching a VC “ There’s a great meme developing this morning on the need to simplify funding terms and documents. The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests. I totally agree.
Andrew Payne
SEPTEMBER 9, 2017
If an early very experienced developer has 1%, and a less senior dev has 0.5%, those become two reference points for the next dev hire. If we allocate (say) 15% for future hires and 40% to investors for the first round (or rounds), that means founders are splitting the remaining 45% of the company, per their agreed-to relative ownership.
Both Sides of the Table
AUGUST 17, 2009
Would you want to run the risk that your former employer could have a claim against the intellectual property you’ve created because you broke company policies and developed your ideas on company resources? They have developers or friends help code their software without having legal agreements in place. Founder vesting.
venturehacks.com
FEBRUARY 24, 2010
Breakups are hard If you’re going to fall out with your co-founder, do it early, recover the equity into the option pool to keep the company going, and recruit someone else great to fill the missing slot. Build in founder vesting (a.k.a. As it happens to be, I am looking for a lead developer.
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