3 ms·
> Next time when you permanently give shares upfront (no vesting period) be very sure what you are getting into and even consider formalizing the nature of the
by estefan 11y ago
> Next time when you permanently give shares upfront (no vesting period) be very sure what you are getting into and even consider formalizing the nature of the relationship and the level of expectation in exchange for those shares in writing (very least in email)
I'm no expert, but every book I've read has said to never do this. Always make equity vest and always include clauses to cover unexpected eventualities, either malicious or just changes in circumstances. Otherwise there's nothing you can do as soon as they have the shares if they literally do nothing at all. Apparently Bill Gates made this mistake as well...