Startup Professionals Musings
SEPTEMBER 27, 2023
It’s disconcerting for most to realize that these shares are initially worth nothing, and the challenge is to get that value up as quickly as possible, without losing it just as quickly to investors, lazy partners, and taxation. Key founder vesting should have no cliff.
Startup Professionals Musings
JANUARY 15, 2021
It’s disconcerting for most to realize that these shares are initially worth nothing, and the challenge is to get that value up as quickly as possible, without losing it just as quickly to investors, lazy partners, and taxation. Key founder vesting should have no cliff.
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Startup Professionals Musings
MARCH 23, 2014
Since Founder’s shares are usually issued at the time the company is incorporated, they essentially have no real value. As the company builds value, shares allocated later for employees or partners will have an appropriate price. Vesting with no cliff. Right of repurchase in favor of the company.
Startup Professionals Musings
JANUARY 22, 2013
Since founder’s shares are usually issued at the time the company is incorporated, they essentially have no real value. As the company builds value, shares allocated later for employees or partners will have an appropriate price. Vesting with no cliff. Right of repurchase in favor of the company.
The Equity Kicker
OCTOBER 8, 2014
We couldn’t use them as is because they don’t have enough detail on key items, like investor protections and founder vesting. Forward Partners Venture Capital' Since writing that termsheet we have used it on around four deals and shared it with a few more companies we have had discussions with.
Startup Professionals Musings
MAY 18, 2015
It’s disconcerting for most to realize that these shares are initially worth nothing, and the challenge is to get that value up as quickly as possible, without losing it just as quickly to investors, lazy partners and taxation. Key founder vesting should have no cliff.
The Equity Kicker
OCTOBER 8, 2014
We couldn’t use them as is because they don’t have enough detail on key items, like investor protections and founder vesting. Forward Partners Venture Capital' Since writing that termsheet we have used it on around four deals and shared it with a few more companies we have had discussions with.
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