5 ms·
If no vesting was set up when ownership was divided, you technically own a third of the company. However if there was some implied agreement, or you want to be
by arikrak 9y ago
If no vesting was set up when ownership was divided, you technically own a third of the company. However if there was some implied agreement, or you want to be fair, it makes sense to give back some of the equity. I think it's reasonable to keep more than a third of your portion though. The biggest risk in working on a startup is before it's raised (significant) funding when it's worth 0$. If you're actually raising another round soon, you've together brought it from a valuation of $0 to $2M. This was the highest risk time, so without a vesting agreement you may 'deserve' more than a third of your third, e.g. half of the third.
It would be good to consult a lawyer though.