Entrepreneur’s View of Vesting

Tom Evslin:

Vesting, unlike no-shop which I blogged about last week here, is one of the most important provisions of a term sheet. Vesting is about who owns the company; it is about what happens when founders leave; it is about control. The no-shop is gone when the deal is closed. Initial vesting is with you for the first four years of a company’s life. Initial vesting is a BFD.

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