Both Sides of the Table

MAY 9, 2011

I covered what I call “the co-founder mythology.&# Either you’re not technical and you think you need a technical co-founder or vice-versa. It is increasingly popular to have “founder dating&# or “startup weekend hackathons&# of some variety or the other. Hire your co-founder.

Cofounder 393

Cofounder Founder Vesting Founder Vesting 393

The Startup Magazine

MAY 13, 2022

Equity distribution among co-founders may be a complex procedure while starting any business. How you split founder startup equity can be even harder for a tech startup due to different roles and contributions from the founders. Founders often earn the greatest initial ownership, which is predictable.

Equity 142

Equity Founder Vesting Cofounder 142

SoCal CTO

MAY 4, 2010

- A Smart Bear: Startups and Marketing for Geeks , April 19, 2010 5 Tips On VC Alignment: Discuss The Exit Before You Enter - OnStartups , April 29, 2010 Founder Agreements – Vesting, Vesting and more Vesting - High Contrast , April 25, 2010 Web Sites and Books for Novice Programmers - Feld Thoughts , April 25, 2010 Adding a Co-Founder In 140 Characters (..)

CTO Hire 150

CTO Hire Vesting Venture Capital Startup 150

Startup Lessons Learned

MARCH 3, 2009

Lessons Learned by Eric Ries Tuesday, March 3, 2009 Employees should be masters of their own time Every startup should have a culture of learning. The rule is simple: every employee is 100% responsible for how they spend their time. The suggestion is that you implement one single company-wide rule. I asked why.

Employee 146

Employee San Francisco Lean Software Review 146

thinkspace.com

SEPTEMBER 7, 2012

How to Divide Equity to Startup Founders, Advisors, and Employees. The part that I’d like to zero in on is when you’ve got a high growth company what are some of the best practices out there to distribute equity to the founders, advisors, and employees? Equity for Founders. Equity for Employees.

Equity 62

Equity Employee Founder CTO Hire 62

Scott Edward Walker

SEPTEMBER 28, 2011

Question My co-founders and I are working on a cool new site, and we’ll be ready to launch in a few weeks. Vesting Restrictions. The first deadly mistake relates to vesting restrictions. Otherwise, if one of the founders quits after a few months, he would take all of his shares with him.

Vesting 89

Vesting Software Review IP Intellectual Property 89

Both Sides of the Table

AUGUST 17, 2009

The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests. One very important item from Chris’s original post that wasn’t picked up by Fred or Brad is founder vesting. In my first company there was no vesting in the seed round.

Founder Vesting 252

Founder Vesting Vesting Founder Term Sheet 252

www.avc.com

SEPTEMBER 22, 2011

Employee Equity: How Much? The most common comment in this long and complicated MBA Mondays series on Employee Equity is the question of how much equity should you grant when you make a hire. To be clear, these are hires we are talking about, not co-founders. This could include reception, clerical employees, etc.

Equity 64

Equity Employee CTO Hire Fractional CTO 64

Agile VC

DECEMBER 4, 2014

I like to say that “there are only co-founders” — it’s extraordinarily rare for a successful business to have just a sole founder. But not all co-founders are equal in terms of title, ownership, responsibilities, and so forth. Sometimes co-founders put off the equity split question for some time.

Cofounder 255

Cofounder Equity Founder Sweat Equity 255

ConversionXL

NOVEMBER 6, 2019

Mike Arsenault and his two co-founders—all with technical backgrounds—built their MVP while working full time for other SaaS companies. “We An engineer by training, Founder and CEO Larry Gadea built the MVP of Envoy’s first product, Visitors, by himself using only free versions of software. “I spent $20k on their MVP.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

David Teten

OCTOBER 1, 2015

Should you co-found your company with a software development shop? intrapreneurs, e.g., the employee of GE who is tasked with launching a new business. intrapreneurs, e.g., the employee of GE who is tasked with launching a new business. The question is: how should they be compensated when cofounding a company? The cliffs?

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

Steve Blank

MAY 19, 2015

I got answers that sounded like the Tom’s – new stock grants for the executive staff, great new building, and oh, by the way, Tom and his co-founder got to sell some stock in the new round. These were the employees that had the institutional knowledge and hard-earned skills. Organizational debt was coming due.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Both Sides of the Table

APRIL 22, 2010

It’s still important advice for startup founders and something that I’m passionate about. They make terrible employees. Why do job hoppers make such bad employees at startups? -. You’re a startup founder. You start fighting with your co-founder whom you thought you understood.

Hiring 392

Hiring Employee Vesting Silicon Valley 392

Ben's Blog

APRIL 28, 2010

In this post, I describe why we prefer to fund companies whose founder will run the company as its CEO. As we looked at the history of great technology companies, we discovered that founders ran an overwhelming majority of them for a very long time, including: Acer—Stan Shih. Siebel—Tom Siebel. Sony—Akio Morita. Sun—Scott McNeely.

Technical Review 78

Technical Review Cofounder Technical Cofounder Software Review 78

View from Seed

JANUARY 5, 2016

At the beginning, a startup team is typically just a couple of co-founders. What we suggest at this juncture is that founders get acclimated to the tactics of scaling beyond the founding team. What to Address During Genesis Team Building: How do we divide and conquer responsibilities as co-founders?

Founder 120

Founder Cofounder Startup Early Stage 120

The Next Web

AUGUST 26, 2013

Editor’s note: This is a guest post by Christian Reber, CEO and co-founder of Berlin-based 6Wunderkinder. 10-20% for employees. Be generous with shares to your employees, they are your capital and most important resource. But never give away shares without vesting. 60-70% for founders.

Management 120

Management Cofounder Startup Bootstrapping 120

Agile VC

DECEMBER 4, 2014

I like to say that “there are only co-founders” — it’s extraordinarily rare for a successful business to have just a sole founder. But not all co-founders are equal in terms of title, ownership, responsibilities, and so forth. Sometimes co-founders put off the equity split question for some time.

Cofounder 173

Cofounder Equity Founder Sweat Equity 173

ConversionXL

NOVEMBER 6, 2019

Mike Arsenault and his two co-founders—all with technical backgrounds—built their MVP while working full time for other SaaS companies. “We An engineer by training, Founder and CEO Larry Gadea built the MVP of Envoy’s first product, Visitors, by himself using only free versions of software. “I spent $20k on their MVP.

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

Startup Professionals Musings

APRIL 11, 2021

Here are five of the most common examples: Failure to document a Founder agreement at the beginning. This oversight can lead to the so-called “forgotten Founder” problem. Trouble with the IRS over Founders stock value. Founders ignore non-compete clauses from former employers.

Cost 363

Cost Non-Compete Accredited Investor Cofounder 363

Startup Professionals Musings

MAY 8, 2022

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-founders to help you? The co-founder relationship dilemma.

Founder 325

Founder Hockey Stick Cofounder Liquidity Event 325

View from Seed

DECEMBER 4, 2014

Editor’s note: Understanding how to divide founder equity at a startup can be tricky, even to the point of reaching emotional riffs between founders. I like to say that “there are only co-founders” — it’s extraordinarily rare for a successful business to have just a sole founder.

Equity 315

Equity Founder Sweat Equity Cofounder 315

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? Visibility at a Series D-funded company is much different than that at a seed-funded one.

Equity 40

Equity Employee Founder Cofounder 40

Altgate

JUNE 25, 2012

Re-posted from post co-authored with Prof. —————– Dead equity — equity held by employees and founders no longer working at the company — is a large and growing problem. They fail to include vesting terms (i.e., Noam Wasserman on Inc. A Significant – and Growing – Problem.

Equity 44

Equity Vesting Cap Table Technical Review 44

Both Sides of the Table

MARCH 10, 2013

Founders have to live with the day-to-day consequences of their decisions and are closer to the nuances of the business. He had vested 18 months or so. Then on top of that I proposed we offered 2-3 weeks of pay (with a view of settling around 4 weeks) and that we vest an extra 3 months. That’s how I see the role of a VC.

Vesting 344

Vesting Cofounder Salary Sales 344

Startup Professionals Musings

DECEMBER 14, 2014

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-Founders to help you? The co-Founder relationship dilemma.

Hockey Stick 268

Hockey Stick Cofounder Entrepreneur Liquidity Event 268

www.metamorphblog.com

OCTOBER 23, 2010

Home About Contact Home About Contact The Metamorphosis Becoming an Entrepreneur, by Matt Mireles Startup Lessons for the Proto-Founder I started SpeakerText in October 2008 during the financial apocalypse. You need a Co-Founder, not an Engineering Bitch. Treat everyone you hire like a co-founder. Vest, young man.

Founder 51

Founder Startup Cofounder Vesting 51

Startup Professionals Musings

JULY 19, 2013

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-Founders to help you? The co-Founder relationship dilemma.

Founder 245

Founder Hockey Stick Cofounder Liquidity Event 245

Startup Professionals Musings

AUGUST 10, 2019

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. Should you start a company solo or find co-founders to help you? The co-founder relationship dilemma.

Hockey Stick 243

Hockey Stick Cofounder Liquidity Event Startup 243

venturehacks.com

MARCH 21, 2008

Or they bring you a handful of great employees. The options typically vest monthly over 1-2 years with 100% single-trigger acceleration and no cliff. Although the advisor is on a vesting schedule, you should expect them to add most of their value up-front—that’s normal. Does this stake need to have vesting schedule?

Advisory Board 44

Advisory Board Cap Table Vesting Equity 44

Startup Professionals Musings

JULY 10, 2012

Here are five of the most common examples: Failure to document a Founder agreement at the beginning. This oversight can lead to the so-called “forgotten founder” problem. Trouble with the IRS over Founders stock value. Founders ignore non-compete clauses from former employers.

Non-Compete 249

Non-Compete Accredited Investor Cofounder Startup 249

Startup Professionals Musings

MAY 2, 2011

Here are five of the most common examples: Failure to document a founder agreement at the beginning. This oversight can lead to the so-called “forgotten founder” problem. Early co-founders often drop out of the picture due to disagreements, and you forget about them, but they don’t forget about the verbal promises you made.

Non-Compete 246

Non-Compete Accredited Investor Entrepreneur Cofounder 246

Startup Professionals Musings

AUGUST 7, 2013

Here are five of the most common examples: Failure to document a Founder agreement at the beginning. This oversight can lead to the so-called “forgotten Founder” problem. Trouble with the IRS over Founders stock value. Founders ignore non-compete clauses from former employers. Marty Zwilling.

Non-Compete 235

Non-Compete Accredited Investor Startup Cofounder 235

David Teten

MAY 7, 2019

Do you wish there was a product to help companies “Get things done” by leveraging your own employees, your employees’ networks, and more broadly other influencers around you? . We agree on an equity split, vesting, and initial compensation structure. See Should you co-found a company with your friend?

America 60

America Technical Review Advisory Board Due Diligence 60

www.inc.com

SEPTEMBER 24, 2011

Employee Benefits. Back in 1997, Randy Parker was staring at a blank whiteboard, wondering where hed find the money to hire the employees and consultants he needed to build his new product. "We a 50-employee provider of e-marketing solutions to small and midsize businesses, based in Needham, Mass. "We Business Taxes.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

David Teten

JULY 10, 2019

Do you wish there was a product to help advocacy organizations and companies “Get things done” by leveraging their own employees, their employees’ networks, and more broadly other influencers around them? . We agree on an equity split, vesting, and initial compensation structure. See Ready to Join a New Management Team?

America 60

America Technical Review Advisory Board Due Diligence 60

The Next Web

JUNE 21, 2015

I felt like I read about their experiment with vested interest – personally, I could not imagine how a company could run with no managers. Nah, usually in the beginning, things like PR are done by the co-founders or whoever else has time. And for that very reason, I wanted to see Buffer make it work.

PR 60

PR Startup Software Review Technical Review 60

Altgate

AUGUST 25, 2012

Re-posted from post co-authored with Prof. —————– Dead equity — equity held by employees and founders no longer working at the company — is a large and growing problem. They fail to include vesting terms (i.e., Noam Wasserman on Inc. A Significant – and Growing – Problem.

Equity 28

Equity Vesting Cap Table Technical Review 28