4 ms·
I'm just wondering what startup you're a founder of that didn't have founder vesting?
by greglindahl 11y ago
I'm just wondering what startup you're a founder of that didn't have founder vesting?
- deleted 11y ago[deleted]
- mikeryan 11y agoI'd imagine most of them start that way. Most startups go without a formal partnership agreement or incorporation until they need it (like being funded). Look at the winklevosses and facebook
- argonaut 11y agoFacebook didn't have founder vesting. Which is why Saverin has billions of dollars despite not really doing anything.
- jamiequint 11y agoHe actually has billions of dollars because he was the first investor in the company, he invested $18k in Facebook in 2004.
- argonaut 11y agoNo, most of his stake is almost certainly from shares given to him as a founder. Mark Zuckerberg publicly admitted at Startup School that it was a billion dollar mistake not to have founder vesting (because he didn't know anything about startups at the time), and claims that Eduardo "just bounced." Anyways, this is irrelevant because the fact is Facebook initially did not have founder vesting.