4 ms·
"link their vesting to hitting those clearly-defined milestones" Great advice here. If I bring on a business guy who claims he can land the first 10 major acc
by DevX101 16y ago
"link their vesting to hitting those clearly-defined milestones"
Great advice here. If I bring on a business guy who claims he can land the first 10 major accounts that will be critical for the business, that's all well and good. But unless he's a proven rainmaker I wouldn't give up equity unless it's vested to hitting these key milestones.
And by the way, don't put this off as a "task" to your secondary business partner. Both of you need to sit at the table and discuss.
- petervandijck 16y agoQuestion: I hadn't heard of vesting based on milestones before. Is that really a commonly used option? Since milestones are so hard to predict, and depend on lots of factors, not just the work of that one person. What would an example of a clearly defined milestone be?