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It prevents a founder from quitting early and keeping all their stock. The article doesn't mention it, but usually there is an acceleration clause that fully ve
by Flemlord 17y ago
It prevents a founder from quitting early and keeping all their stock. The article doesn't mention it, but usually there is an acceleration clause that fully vests the shares if the company is acquired.
- rdl 17y agoUsually I see the start date for 4 years for founder vesting back-dated to start when the people actually started working on the project, not necessarily from taking funding or even incorporation.
- rgrieselhuber 17y agoThis is in a founder's interest only if there is more than one founder. If it's a single founder, there is no incentive for them to agree to this.