4 ms·
This is sad to hear. This is huge loss for the family, the co-founder and also for the startup. Not to be insensitive but had to raise this topic because this
by praveen9920 6y ago
This is sad to hear. This is huge loss for the family, the co-founder and also for the startup.
Not to be insensitive but had to raise this topic because this is very rare situation, Anyone knows how the stock of the co-founder handled in this situation in early stage startup, at least in US?
- blueblisters 6y agoI believe standard co-founder agreements have a "without cause" termination or "resign for Good Reason" agreement which accelerates the co-founder's vesting cycle in event of death or disability. The transfer of shares by will or intestacy to immediate family members may or may not be subject to a repurchase option by the Company. Tl;dr it depends entirely on the specific wordings of stock purchase the agreement.