4 ms·
One quick correction is that founders typically have common stock, not preferred.
by mchusma 13y ago
One quick correction is that founders typically have common stock, not preferred.
- nerfhammer 13y agoThey get common stock but without a cliff or vesting period
- jenandre 13y agonot true if they are taking on money. any investor will require a vesting period over 4 yr w/ usually a 1 yr cliff (which resets every time you take money)
- tptacek 13y agoNo, founders vest. For the love of all that is holy, don't join a founding team with no vesting. Funding or no funding, vesting is non-optional. Get vesting worked out from the jump.