4 ms·
Why not just use the standard four year vesting with a one year "cliff" for the full 5-10%? If your co-founder isn't a good fit or isn't hitting milestones you
by answerly 15y ago
Why not just use the standard four year vesting with a one year "cliff" for the full 5-10%? If your co-founder isn't a good fit or isn't hitting milestones you can part ways early and retain all or most of the stock.
More on founder vesting here:
http://cdixon.org/2009/04/21/founder-vesting/ http://cdixon.org/2009/04/21/founder-vesting/
http://venturehacks.com/articles/get-vested-for-time-served http://venturehacks.com/articles/get-vested-for-time-served
http://venturebeat.com/2010/01/04/ask-the-attorney-founder-vesting/ http://venturebeat.com/2010/01/04/ask-the-attorney-founder-v...
- trussi 15y agoTime-based vesting implies full-time participation. In my case (and probably a lot of other cases), we are both part-time until the product gets traction. Then we will take the risk of going all-in. If I tie the vesting to milestones instead of time, I should be able to fairly compensate the other person's part-time efforts without walking down the 'you aren't working enough, your shares aren't fully vested' path if/when we divorce.
- flignats 15y agoWhy not base the first 1% or so on an hourly vesting schedule? So if he is working part time he can rack the up the hours all year or however long it takes. Make the milestones 'hours worked'
- trussi 15y ago'Rack up the hours all year' just sent chills down my spine! That's exactly what I want to avoid. :)