3 ms·
This is why shares need to vest, always, even for founders.
by Canada 3y ago
This is why shares need to vest, always, even for founders.
- echelon 3y agoThis is an extreme case of dead equity, allegedly caused by forcing one of the founders out due to their pregnancy. Requiring a vesting schedule wouldn't fix this. It's orthogonal.
- chmod600 3y agoAren't the shares worthless anyway? The company is bust, right?
- orbz 3y agoGiven that the other founder was planning to take the remaining money to pivot into something new means that there would possibly still be a claim of that new venture with those shares.