3 ms·

YC and every other Vc recommends founders to vest

• Phlarp 4y ago
  Based on the OP it seems like one founder had shares and the other 'founder' had options still waiting to vest. That's a pretty clear cut power dynamic no matter what the VCs recommend.
  • orthecreedence 4y ago
    "None of our shares have vested" seems to imply they both hold options, with the other founder holding a majority of the issued options.
    • weusedto 4y ago
      Yes this is correct - apologize if I wasn't clear with this. From what I understand and my previous experiences at startups it was a standard vesting structure where ownership vests over 4-years with a 1-year cliff (or at an acquisition event). On day-1 neither I nor my co-founder had any shares vested.