Founder Vesting

The most important term in a startup term sheet that no one seems to think carefully about isfounder vesting. There are two key points about vesting: 1) All startup employees – including founders! – should vest over 4 years from their start date (with a one year “cliff”). 2) Founders should always have acceleration on change of control!  

 

(Ful Post: http://cdixon.org/2009/04/21/founder-vesting/)


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Chris Dixon

Chris Dixon is an investor at Andreessen Horowitz. He was previously the Co-Founder/CEO of Hunch, Co-Founder of Founder Collective, and Co-Founder/CEO of SiteAdvisor.

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Filed Under:
Collection: Funding
Category: Term Sheet Terms