Hey I am on Medialย โขย 4m
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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Bebyondย โขย 1y
Why Every Startup Needs a Founder Vesting Clause When launching a startup, it's crucial to protect your team and the companyโs future. One key safeguard? The Founder Vesting Clause in your Term Sheet. What is Founder Vesting? Founder vesting ensur
See MoreBuilding for idea gu...ย โขย 1y
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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Bootstrap enterprene...ย โขย 11m
I have a business idea that my boss liked, and theyโre 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 donโt want anyone else to work on my idea or to have a smaller shar
See MoreTech | Law | Startup...ย โขย 1m
Need to draft employment agreements but your lawyer just quoted you 35k and said it'll take 2 weeks. Which as a startup founder, you have no time or money. Try litt.law and get it reviewed by a lawyer so that they have to just review and not draft f
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impress.aiย โขย 3m
Surviving in Startups: Exactly 3 years ago, I saw one of my closest friends, a senior developer, celebrate an ESOP like he had won the lottery. The startup was booming and owning a piece of the company felt thrilling. Fast forward three years and t
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