We are contemplating a start-up with 2 main founders, who will put cash in and work in the business, and 2 angel investors who will only put in cash.
The way we want the ownership to work out is:
F1: 35% F2: 35% A1: 20% A2: 20%
The amount of capital the each member is putting is is as follows:
F1: $12.5K (10%) F2: $12.5K (10%) A1: $50K (40%) A2: $50K (40%)
We would like to structure the deal in such a way that F1 and F2 get their voting rights on day 1, but they don't actually get their additional ownership until they have worked for two years. In other words, they start off with 10%, and have to earn that additional 25% by operating in the business.
(The reason for this is that there is a very real possibility that F1 or F2 decides to leave the company for some reason. They deserve some portion of that additional ownership, but not all of it. The company can be run successfully by only F1 or F2.)
How can this be done? Different classes of stock? Stock options?