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I've reviewed the stock agreements of three YC companies (one fairly recent) and they're close but not nearly identical to these documents. In particular, none
by choppaface 11y ago
I've reviewed the stock agreements of three YC companies (one fairly recent) and they're close but not nearly identical to these documents. In particular, none of the plans I reviewed had triggers (but perhaps those are saved for C-levels).
The agreements don't leave room for non-uniform vesting (e.g. 10/20/30/40, which takes many lines to write), which is nice. In my experience, the only employees who appreciate those grants create as little value as the execs who think it incentivizing to award them.