Just because your ownership agreement stipulates a vesting schedule doesn't mean all companies are organized that way. In fact, I believe the default is to have

Just because your ownership agreement stipulates a vesting schedule doesn't mean all companies are organized that way. In fact, I believe the default is to have no vesting, which is why we have vesting agreements in the first place! I'm not arguing that having immediate vesting is a smart way to organize a company. But, to claim that a YC application 100% of the time implies anything is a stretch.