2 ms·

I'm sure there are some founders who make that mistake, this discussion being one example, but I didn't make that mistake, and the startups I've advised (all fi

I'm sure there are some founders who make that mistake, this discussion being one example, but I didn't make that mistake, and the startups I've advised (all first-time founders) didn't make that mistake, you basically won't find any "guide to founding your first startup" on the Internet advocating that mistake. I have a hard time believing that it's common. I see from your profile that you're a startup attorney, so you probably have seen a LOT more deals than I have, but to a certain extent you probably remember the messed up ones more than the ones that used boilerplate documents.

siegel 9y ago
I've seen a lot of deals...and a lot of messed up deals. Multi-founder teams with no vesting does happen. I think that's a mistake and advise against it. Things go wrong way more often than people think. I differ from many folks in that I don't necessarily advocate standard investor-friendly structures (though structures that are easily made investor friendly, yes). But founder vesting is one place where I agree with the standard line - it's really necessary.