• Cofounding a company creates immediate equity decisions:
How do you divide up the equity?
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What happens if cofounder(s) leave?
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Think about control
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• Learn revesting and reverse vesting principles upfront • Consider and define the terms of a cofounder exit in your formation documents • Cofounder exits can be as difficult as (or more difficult than) divorces • Build your documents and cap table using institutional principles
Co-founders
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