Thanks to Atlas Venture for supporting Venture Hacks this month. This post is by Fred Destin, one of Atlas’ general partners. If you like it, check out Fred’s blog and tweets @fdestin. And if you want an intro to Atlas, send me an email. I’ll put you in touch if there’s a fit. Thanks. – [...]
Entries Tagged as 'Vesting'
Just Say No: VC terms that can really hurt
December 2nd, 2009 · 29 Comments · Anti-Dilution, Sponsor, Vesting
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How common is accelerated vesting on change in control?
September 24th, 2008 · Comments Off · M&A, Vesting
How common is accelerated vesting on change in control (AVCoC)? Noam Wasserman from HBS has the answer in Unlocking Your Golden Handcuffs: “I recently got an email from a serial entrepreneur who has been brought on as the head of finance and operations in a mobile-services start-up. One of his questions was: How often do [...]
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Terminating Cisco's founders
January 3rd, 2008 · 1 Comment · Case Studies, Termination, Vesting
Don Valentine from Sequoia Capital and Cisco’s founders, Len Bosack and Sandy Lerner, discuss Len and Sandy’s termination in this rare video: (Update: Google took the video down. Thank you universe. There are still some choice quotes below. If anyone has a copy of the video online or a transcript, please email us at nandn@venturehacks.com.) [...]
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Supersize your vesting with these microhacks
April 27th, 2007 · 6 Comments · CEO, Founders, Vesting
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 [...]
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Comments: Legal fees, options pools, and vesting
April 26th, 2007 · 2 Comments · Comments, Lawyers, Option Pool, Vesting
We love the quality of the comments on Venture Hacks. You’re missing out if you’re not reading them. A lot of the comments contain great anecdotes from founders. Others contain good questions which we make sure to answer. Here’s a few recent ones that are especially good. You can also subscribe to our comments RSS [...]
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Accelerate your vesting upon a sale
April 25th, 2007 · 1 Comment · M&A, Vesting
“We talked to a lot of different angel investors and venture capitalists, but no one really ‘got’ what we were doing — that is until we met Google.” – Dennis Crowley, Founder of Dodgeball, May 2005 “It’s no real secret that Google wasn’t supporting dodgeball the way we expected. The whole experience was incredibly frustrating [...]
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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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Get vested for time served
April 19th, 2007 · 16 Comments · Founders, Vesting
“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”. [...]
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Comments: Convertible debt and vesting
May 4th, 2007 · 3 Comments · Comments, Convertible Debt, Vesting
As usual, there were many mind-expanding comments this week—here are some of the very best. The very lucky winner of this week’s mug for great contributions in the field of venture hacking is indicated with a subtle ball of fire. Vesting “Anonymous” discusses his experience with getting vested for time served and how his investors [...]
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