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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 matt
by 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 agoYes 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.