Steven Benson
๐ค SpeakerAppearances Over Time
Podcast Appearances
not giving people equity in such a way that a founder vests over the same, the same way as an employee would meaning an employee, you know, standard is for them to invest over four years.
Right.
So I would actually, I would, I would, I think it's better with, with founders to not give them, give them their full package vesting over.
Um, we are, but this is more of a learning from, uh, a learning for me that I would do it differently.
So, um, the, the way I would suggest would be a better way to do it is take a small slice of it.
Like the, uh, the amount that you would give like an early VP or, or someone who's, who's, who's high up in the organization, but not, not a founder and give them and invest that portion over four years and then have the rest of us at, uh,
Vest upon changing control or purchase liquidity because then.
No, no, no.
I would say you do.
We do.
We do.
And that's that's you should do that.
But I'm saying.
That's a nice chunk of it.
So let's just say you had three founders, right?
Um, well for simplicity's sake, let's just say you had two.
So if you had two, two founders, you should both vest like two and a half percent over, over, uh, over the course of four years, but then you should both vest 40% upon change of control.
And what that basically does is mean you're in this for the longterm.
And if you, you're welcome to walk, but you leave, you leave most of your equity on the table.
For sure.