3 ms·
Thank you Patio for that reply, it really helped. As for writting IOUs for cash alone, why not my time spent working as well? I am guessing since my vesting sch
by espitia 12y ago
Thank you Patio for that reply, it really helped. As for writting IOUs for cash alone, why not my time spent working as well? I am guessing since my vesting schedule started 3 months ago, that would cover that correct?
Also, being new to this, excuse my ignorance, what does vesting prevent? what does it encourage? First things that come to mind is if there were to be a fall out, the equity would remain under the one who stayed. On the opposite side, it encourages a long term commitment?
- pc86 12y agoThe work is part of building the company. As a founder, the company does not owe you $125/hr for every hour you worked. However, if you "loan" the company $4,500 to pay a designer for something, it absolutely owes you that money back.