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Let’s say you launched a company, bootstrapped it to the tune of say $500k, have customers and business, then a VC comes along with “standard terms” trying to p
by sheeshkebab 8y ago
Let’s say you launched a company, bootstrapped it to the tune of say $500k, have customers and business, then a VC comes along with “standard terms” trying to put you on a vesting schedule, for your own damn company... what is your response going to be? Quite likely it’s not going to be - “I run it by my legal department and they said Ok”.
- keithwhor 8y agoIt’s almost certainly going to be, “I ran it by my lawyer and they said OK.” I don’t know how else to explain that this honestly isn’t a big deal at all.