New answers tagged founders
1
I would recommend a promissory note, created through a lawyer, that purchases the shares back in exchange for a fair market value.
This will allow the team to recognize the value that you have provided without doing short- or long-term harm to their current cash position, and without hindering their ability to raise future money. You would be able to keep ...
2
Definitely time-based and it should be longer than 2 years (we did 3 years) so that the co-founders and early employees will know that the co-founders are committed. It is a clear signal to your team that you're all in otherwise they cant make the committment if you're just waiting for the next, better opportunity to surface.
KPIs are a bad measure. Things ...
1
I would say a mix of both, with the emphasis on time.
Time based, something like as an aggregate of 2 years, every 3 months you get 1/8 of your total. So if you leave you don't get nothing but you also don't get it all.
KPI based gets trickier as plans change and reality is rarely what you predicted earlier.
If you can define the KPIs such that they are ...
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I recommend time based for first startuppers, because it makes sense, and is generally simpler.
Kpi based is definitelty good for the investor, but its way too good for them. Basically KPI based vesting translates to saying: "You know what, If you build a successful company we earn lots of money, if not, the whole company is ours." This way they don't take ...
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