[Ed: I enjoyed Tony Wright's contrarian article, Half-Assed Startup, when I first read it on his excellent blog. Tony, a founder of RescueTime (Y Combinator), argues that you can start a company while you're otherwise employed. And he explains how to do it. Tony kindly agreed to re-publish his article on Venture Hacks. Take it [...]
Entries Tagged as 'Co-Founders'
Half-Assed Startup: How do I start my company and keep my day job?
March 12th, 2008 · 12 Comments
Learn more about: Case Studies · Co-Founders · Resources · Starting Up
Supersize your vesting with microhacks
April 27th, 2007 · 6 Comments
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 the founders, [...]
Learn more about: CEO · Co-Founders · Hacks · M&A · Term Sheet · Vesting
Accelerate your vesting upon termination
April 20th, 2007 · 10 Comments
“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 made a [...]
Learn more about: CEO · Co-Founders · Hacks · Term Sheet · Vesting
Get vested for time served
April 19th, 2007 · 16 Comments
“By the time we did the financing we had been working on [the company for] 2 years, but they only vested us a year. So, they got a year of free vesting from us.”
– Joe Kraus, Founders at Work
Summary: Don’t agree to vest all of your shares just because it is supposedly “standard”. Get [...]
Learn more about: Co-Founders · Hacks · Term Sheet · Vesting