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by jacquesm
872 days ago
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That all depends on what is in the agreement! And this is a two way street so you have a say in what gets put in the agreement as well. I would strongly advise you to sign unless you are 100% on board with everything that is in it, and to go through some possible future scenarios (failure, moderate success, success, home-run) to see how the agreement will work for each of those situations as well as situations where regardless of the success fact you guys decide to stop working together and what happens to the shares etc. I've seen more than one start-up crash to a grinding halt because the shareholder agreement wasn't well thought out and did not foresee the typical crisis that a start-up can go through in its lifetime. Best of luck! |
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I like the idea of failure, moderate success, success and home run.
Thank you