Our previous vesting hacks have discussed getting vested for time served, acceleration upon termination, and acceleration upon a sale. This article is a collection of four vesting microhacks you can use to supersize your vesting. 1. Reclaim a terminated co-founder’s unvested shares. A terminated co-founder’s unvested shares are typically cancelled. The resulting reverse dilution benefits [...]
Entries Tagged as 'CEO'
Supersize your vesting with these microhacks
April 27th, 2007 · 6 Comments · CEO, Founders, Vesting
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Accelerate your vesting upon termination
April 20th, 2007 · 17 Comments · CEO, Founders, Vesting
“During the whole funding process they said, ‘We’re interested in you guys because of your management team; we think you’re fantastic…’ Two weeks later they pull me into the office – before even the first board meeting – and say, ‘We want to replace you as CEO.’” – Mark Fletcher, Founders at Work Summary: You [...]
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Make a new board seat for a new CEO
April 1st, 2007 · 7 Comments · Board of Directors, CEO
“Because we weren’t having success finding a CEO, [our investors] insisted that we hire these managers [a temporary CEO and CFO]. That didn’t go great.” – Tim Brady, 1st employee at Yahoo, Founders at Work Summary: Create a new board seat for a new CEO. Don’t give him one of the common seats. Whether you [...]
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