Seeking CEO+team for VC-backed startup: Make America Functional Again
David Teten
MAY 7, 2019
We agree on an equity split, vesting, and initial compensation structure. We agree that upon raising capital, each team member will earn $X, perhaps with an automatic bump to $Y upon achieving agreed-upon milestones. Once we’ve executed all the steps above, we go to VCs and raise seed capital of $1-2m. Sounds great!
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