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by loumf 4698 days ago
That's why he also recommended a vesting schedule. Your case is a hard one, but it works for the case where someone gets 50% and then decides to bow out.

For 9-5 vs. long hours -- you need to have this conversation up-front. If there's any doubt that you aren't on the same page or just agree with differences (and compensate fairly), then this is not a good match.

1 comments

Yes. This is why it is often a good idea to restart founder vesting when you raise a funding round -- it is EXTREMELY rare for a founding team to actually hold together all the way through to success. Generally at least one founder feels that at least one other founder didn't pull their weight, and without vesting there's no way to fix this.
I'm trying to wrap my head around your idea of "restarting" a vesting period. Do you mean that all unvested shares are reset to a 4-year vesting period after a round of funding?

I'm probably just confused. Would you mind elaborating?

Excuse my complete ignorance on this - but have you or Mark written about it? (And yes I did google it and came up with a bunch of articles about founders and vesting, however nothing popped out about restarting founder vesting when raising a new funding round.)