3 ms·
Yeah, we see eye to eye with the commitment period and have agreed on that. It's just how to arrange a scheme that would allow me to keep a fair share of the co
by rist3 15y ago
Yeah, we see eye to eye with the commitment period and have agreed on that. It's just how to arrange a scheme that would allow me to keep a fair share of the company and make profit out if as I would be a key component of building the product. Actually I completely trust on the founders, but seed-a VCs might not agree with our arrangement.
- brudgers 15y agoMy take: Vesting is meant to prevent you from walking away with options while not being a part of the company because nobody wants to deal with former short term employees. In the end, either you trust the founders to make only honest mistakes and treat you ethically or you don't...and the VC who has a personal reason to screw you out of options is a much less likely scenario than all the options and stock being worthless. That being said, funding events could trigger portion of the options vesting. It's all negotiable - but it may not be worth the mistrust hardball negotiations often create.
- kls 15y agoA group of partners that I had in one of my start-ups where guys that I though that I could trust, many of us had worked together before and I was young and not very experienced in these matters. I was diluted out of everything and ended up walking out of a 90 million dollar exit with less than 100k. I learned a valuable lesson then and there and that is when real money is involved people change. Get it in writing it you may end up regretting the fact that you did not.