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by epc
1468 days ago
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"Normal" vesting tends to be over four years with a one year cliff (and then quarterly or monthly afterwards). Then you’ve got Amazon where the vesting is weighted towards the end of the period (I don't know the breakdown but for example instead of 25/25/25/25 you might see 10/15/25/50). Accelerated vesting is simply that for key, pre-agreed upon, points or changes in the business your vesting schedule is accelerated. e.g. instead of 10% vesting over four years, perhaps you get them to agree to 25% first year, then 50% once the Series A closes. Point being to lock in some upside for you once you AND they lose control over the company (potentially) by bringing in outside investors. I have never worked for a successful startup to exit, either quitting or being reorganized out of a role before an exit. So take my advice with that huge caveat. But one final bit of advice is before you proceed find an attorney savvy about startup corporate structures and equity to review all of your documentation and contracts. |Edited to add this link: https://www.investopedia.com/terms/a/acceleratedvesting.asp |
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Unfortunately I signed the contract 2 months ago. So I might be too late. At this point I can't negotiate. I can either take it or leave it