5 ms·

Does a startup's equity in the pool vest over time? I'd be concerned about a startup joining the pool, and then immediately dissolving their company.

• geoburke 6y ago
  Yes, big concern here, so vesting happens over time.
• bananaface 6y ago
  Would vesting help? Instead of dissolving you just... wait. Pretend to build.
  • geoburke 6y ago
    Good way to get oneself kicked out of the pool before fully vesting.
    • bananaface 6y ago
      How do you legally kick them out?
      • geoburke 6y ago
        As the first pool forms we'll collect the members' desired requirements for vesting rules, and write those into the legal docs.
      • csentropy 6y ago
        Because of the condition for participation in the pool is that your stock should continue to vest, for the membership shares in the pool to continue to vest.
        • bananaface 6y ago
          Wait so your startup has to continue to grow in order for you to be able to claim profits from the pool? Doesn't that defeat the purpose?