Q: Does the reverse vesting procedure for founders usually have a 1-year cliff?
“Reverse vesting” can sound like a draconian VC term, but it’s actually both (1) very common, and (2) aligns interests.
In the end, adding some vesting to your shares won’t make any difference if you are going long. It will make sure the VCs know you are committed. But more importantly, if one of your co-founders quits early … he won’t leave with quite as much of the company.
But adding a cliff doesn’t make much sense. As founders, you’ve already crossed the initial threshold of “adding value” and not quitting early. A cliff is a step too far.