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by jacquesm 872 days ago
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!

1 comments

Pretty "standard things" like non-compete clauses which would not allow me to do anything in the HR AI industry for the next year and the product would belong to the Company so I would not be able to just leave and find someone else.

I like the idea of failure, moderate success, success and home run.

Thank you

YW, pay special attention to things like bad leaver clauses and make sure that the CEO realizes that all of the articles apply to them as much as they do to you.