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Every entrepreneur needs to understand the following basics, to be addressed at company formation, as they engage a qualified attorney to draw up the paperwork: Allocate founder’s stock commensurate with commitment. Make sure the government waits for a stock sale to collect taxes. Key foundervesting should have no cliff.
SUPPORTED BY Products Archives @venturehacks Books AngelList About RSS How to pick a co-founder by Naval Ravikant on November 12th, 2009 Update : Also see our 40-minute interview on this topic. Picking a co-founder is your most important decision. It’s more important than your product, market, and investors.
Since Founder’s shares are usually issued at the time the company is incorporated, they essentially have no real value. Vesting with no cliff. Most Foundervesting is not subject to the one year cliff because partners should already know and trust each other.
Since founder’s shares are usually issued at the time the company is incorporated, they essentially have no real value. Vesting with no cliff. Most foundervesting is not subject to the one year cliff because partners should already know and trust each other.
Every entrepreneur needs to understand the following basics, to be addressed at company formation, as they engage a qualified attorney to draw up the paperwork: Allocate founder’s stock commensurate with commitment. Make sure the government waits for a stock sale to collect taxes. Key foundervesting should have no cliff.
Since founder’s shares are usually issued at the time the company is incorporated, they essentially have no par value. Vesting starts now. Most foundervesting is not subject to the one year cliff because founders should already know and trust each other.
Since Founder’s shares are usually issued at the time the company is incorporated, they essentially have no real value. Vesting with no cliff. Most Foundervesting is not subject to the one year cliff because partners should already know and trust each other.
Every entrepreneur needs to understand the following basics, to be addressed at company formation, as they engage a qualified attorney to draw up the paperwork: Allocate founder’s stock commensurate with commitment. Make sure the government waits for a stock sale to collect taxes. Key foundervesting should have no cliff.
You have to pay market rates regardless of the equity equation. You have to pay market rates regardless of the equity equation. And you have to pay a market rate no matter what the equity equation says. Say the equity equation tells you to pay a prospective hire above market. We have some additional thoughts. Summary: 1.
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