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It seems like YC had done a great job on standartizing YC startup documents that protect both founders and investors from each other and promote cooperation. Ar
by dchichkov 11y ago
It seems like YC had done a great job on standartizing YC startup documents that protect both founders and investors from each other and promote cooperation. Are there any plans to do the same thing to standardize contracts for early employees?
(i.e. shouldn't early employess, investing their under-market salary/time receive the same conditions/protection of their investments as VCs?)
- sama 11y agoFor stock compensation, yes!
- dchichkov 11y agoThanks for the answer! I'm glad that YC is paying attention to that area. I hope that any under-the-market-salary investments from employees would start getting the same treatment as any other investors money (e.g. dilution cap, not vesting cliff).