3 ms·
30 pct equity for matching a year's salary with a cap, paid in four tranches from which HackFwd can opt out without returning shares, plus legal form sheet serv
by thisisfmu 16y ago
30 pct equity for matching a year's salary with a cap, paid in four tranches from which HackFwd can opt out without returning shares, plus legal form sheet services.
the term sheet is not negotiable and includes restrictions and vesting provisions more typical for VC-scale rounds, which ensures control over the company by HackFwd.
in contrast to the hands-off approach YC takes they are essentially a geek babysitting service.