Venture Hacks

[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 [...]

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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, [...]

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“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 [...]

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“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 [...]

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