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Why would a founder have to vest?
by the_clarence 8y ago
Why would a founder have to vest?
- freddie_mercury 8y agoMany investment term sheets mandate it. If you don't want to vest then don't take money from someone who says you have to vest.
- tptacek 8y agoOperators always vest. Nobody would give your firm money if you could leave the day after the wire cleared.
- erikb 8y agoYou can of course say no, but nowadays it's so common that you are unlikely to find someone who would make a deal without it. Basically it goes to show that the people who have the money are the ones who have the power, not the CEOs of start-ups.