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by leelin
3722 days ago
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Interesting, so if the case hinges on the YC application as evidence of the equity split, then we also know that YC requires all founders to sign an employment agreement with their company and restricted stock purchase agreement, following a very standardized YC template, that would include a vesting schedule. Other requirements include an employee incentive pool and of course enough common shares for YC to purchase their portion. |
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[1] http://techcrunch.com/2014/05/11/quora-y-combinator/