Cele mai frecvente intrebari si/sau probleme pe care asociatii sau fondatorii unei afaceri trebuie sa le discute la un start-up
the most common questions/issues startup co-founders should agree on
Product / Business Basics
- What are we creating? What’s the goal?
Equity
- How should we divide the shares?
- What is the vesting schedule?
- Is there starting acceleration (does any vest right away because we are founders)?
- Is there a cliff?
- Is there an ending acceleration (due to termination, change in control, etc…)?
Decision Making
- How will decisions get made? Who has the final say?
Roles / Involvement
- What is each founders roles and responsibilities?
- How much time will be dedicated to the company by each founder? (full time / part time)
- What is each founder expected to produce and what are the performance expectations?
IP
- Is someone contributing intellectual property that the company will now own?
- Who owns the intellectual property? Are the founders turning over any ideas / contributions to be owned by the company?
Founder Exit
- What happens if one of us leaves the company?
Conflict Resolution
- What are the voting shares? How are disputes handled?
- Can any of us be fired?
Initial Cash
- How much money do we need to get started? Where is it coming from?
- Will any of us be investing cash in the company? If so, how is this treated (equity/debt/convertible debt?
- Will we be buying equipment for the business? – If so, how is this treated?
Compensation
- What will we pay ourselves? Who gets to change this in the future?
Contractual Terms
- Will founders sign non-compete / non-disclosure?
Employee Stock Options
- What % do you set aside for employee stock options?
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