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Not to blame either side, but this is one of the reasons Founder Vesting is a thing. There should be a mechanism in place which strips the founder of equity whe
by noway421 5y ago
Not to blame either side, but this is one of the reasons Founder Vesting is a thing. There should be a mechanism in place which strips the founder of equity when they quit. A lot of venture firms these days require it. But even if you not plan on rising venture capital, it's a good thing to have in place just in case.
It's a sort of thing you'd set up before starting to work on the company, to know what the ground rules are from the very beginning. Knowing that your stake is not a given is very humbling.
You can always have things like accelerated vesting in the event of a liquidity event, if the company is sold prematurely.
- cutemonster 5y agoWhat if one founder is incompetent or doesn't work much, but also doesn't want to quit? Just wants to work 15 h/week and keep all stocks, the others working 60+h I wonder if there're founder vesting agreements that handle such cases