Can one founder have an option on another founder’s stock?
It makes sense in theory, especially if it’s a bootstrapped company with just a few founders.
But in practice, a long vesting schedule with a significant cliff does most of the work for you.
This will automatically redistribute all or most of a departing founders’ stock to the other founders and shareholders.
A long founding vesting schedule and a true cliff incents the founders going for it for the long haul.
More here: https://www.saastr.com/a-simple-…