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You're screwed unless you have vesting schedules. Without them, they keep their equity even if they leave tomorrow. This is why you NEVER split equity upfront. Lawyer up and see if there's any way to restructure, but honestly, you might need to cut your losses.
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BebyondĀ ā¢Ā 11m
Why Every Startup Needs a Founder Vesting Clause When launching a startup, it's crucial to protect your team and the companyās future. One key safeguard? The Founder Vesting Clause in your Term Sheet. What is Founder Vesting? Founder vesting ensur
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You've got a killer startup idea, but building it needs a team. Your co-founder brings the marketing, while you do coding. But how do you ensure they're in for the long term? Here comes the Co-founder Vesting Schedule... What is a co-founder vesting
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I have a business idea that my boss liked, and theyāre ready to invest in my project. However, they proposed an equity split of 70-30, where they get 70%, and I get 30%. I absolutely donāt want anyone else to work on my idea or to have a smaller shar
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How to Find the Right Cofounder for Your Startup A cofounder isnāt just a partner; theyāre someone who will share your highest highs, lowest lows, and sleepless nights. But how do you find ? 1. Define Your Non-Negotiables First Clarify what you nee
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