Can one founder have an option on another founder’s stock?

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JASON LEMKIN

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.

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More here: https://www.saastr.com/a-simple-…

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Published on September 19, 2017
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