[iandanforth]

In my imagination this would initially be like your SAFE template or perhaps a checklist. A legally vetted document that tries to take into account the interests of both founders and investors while covering the important bases.

I'm glad it's being thought about one way or another!

[jacquesm]

> tries to take into account the interests of both founders and investors

Customers first, employees second, founders third, investors last. You may want to think over why the last two are in that order, my reasons are simple: investors know the risks going in, and they will not eat one sandwich less. Founders need to be able to get on with their lives too.

[irq11]

Unfortunately, the legal obligations are almost reversed.

[bradknowles]

Which is why you have to go out of your way to do them in the order specified.

You have to operate within the confines of the laws at each step, but if you don't take care of the employees before the founders and the investors, then they're going to get screwed the most.

[pkaye]

In that case they just need to forthcoming to the customers early on that they are last in priority.