It prevents a founder from quitting early and keeping all their stock. The article doesn't mention it, but usually there is an acceleration clause that fully vests the shares if the company is acquired.
Usually I see the start date for 4 years for founder vesting back-dated to start when the people actually started working on the project, not necessarily from taking funding or even incorporation.
Comments
It prevents a founder from quitting early and keeping all their stock. The article doesn't mention it, but usually there is an acceleration clause that fully vests the shares if the company is acquired.
Usually I see the start date for 4 years for founder vesting back-dated to start when the people actually started working on the project, not necessarily from taking funding or even incorporation.
This is in a founder's interest only if there is more than one founder. If it's a single founder, there is no incentive for them to agree to this.