Reduce or Eliminate Founder Vesting
TheFunded.com Advice
Posted by Mr Smith on 2008-02-22
Tags: Negotiation Terms Vesting
Most of term sheets added here have founder share vesting, but not mine. Here are a few good tips. First, you should negotiate hard on the number of years and the cliff. Nothing is "standard" with these deals. Second, try to get the VC to grant you "credit" for time served since company inception. Time served happens frequently with hot deals. Third, buy your initial shares with real money to justify your negotiating position. You are in a stronger position to reduce of eliminate the vesting if you have skin in the game.
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