Hacker News new | ask | show | jobs
by leelin 3722 days ago
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.
1 comments

I know that YC has a standard RSPA... but I'm also fairly certain that their template is not used universally by all YC companies (eg. Quora, who probably already had other RSPA docs [1]). Therefore, the standard YC RSPA cannot probably be deemed binding after the fact. (IANAL)

[1] http://techcrunch.com/2014/05/11/quora-y-combinator/