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Not a founder here, but yes having the guy on the cap table costs you. Every month, there is that percentage of your work and your team’s work that goes into th
by d--b 4y ago
Not a founder here, but yes having the guy on the cap table costs you. Every month, there is that percentage of your work and your team’s work that goes into their pocket, just for the tiny bit of work they did in the first months. It’s always going to be a thorn in your thigh.
Plus you’re going to have to explain to investors who that person is, and why they’re on the cap table and not in the company.
Vesting is a form of trial period. It’s the rules of the game. You warned them. They didn’t react properly. That’s it.
Moreover, firing them allows you to keep those stocks so that you can reward someone else. Someone who’s actuelly been doing the work.
You should definitely fire them right now. You need to control the narrative though. Make sure everyone on the teams understand the move. People shouldn’t be surprised.