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A vesting schedule is so crucial. Many founders find themselves in the position of being partners with someone who is all but inactive with a substantial portio
by karmajunkie 8y ago
A vesting schedule is so crucial. Many founders find themselves in the position of being partners with someone who is all but inactive with a substantial portion of equity. Not only is it unfair to those doing the work but even if all parties are willing fixing the split later can be costly, time consuming, and have serious tax implications.
- windows_tips 8y agoVesting isn't perfect though. It treats all contributions the same and only really looks at the time it took to do some work. The ideal situation seems to be that anyone doing work immediately vests ownership upon performing the work.