3 ms·

If it needs to vest, it’s not a share.

• tzs 4y ago
  According to the post, neither of them have vested shares: > We signed a founders agreement, we each have a seat on the board, and he holds a majority of shares. None of our shares have vested - my first vesting date is in 6 months when ¼ of my shares vest. Unvested shares are still shares. All that being unvested means is that the shares are subject to conditions such as a repurchase option that gives the company a right to buy your shares if you leave the company. Unvested shares still have the others rights of shares, such as voting and sharing in dividends.
• carlgreene 4y ago
  Vesting is just receiving the full rights of the share, option, or whatever over a specific amount of time. If you start a company with someone you don't (er, shouldn't) just automatically get 50% of the company. That would allow you walk on day 3 and still own 50%. Instead you receive the ability to leave with your shares on a vesting schedule so that you have skin in the game.