My experience has been that most founders have not thought about vesting their own shares before raising outside capital for the first time. I think they should, in most cases, vest their shares of their own accord, even before talking to an outside investor. Vesting, for those unfamiliar with the term, refers to earning equity […]
Financing as a Means to an End
All too often, I read or hear about a company receiving angel or venture capital financing as if the new funding were an end in itself – an accomplishment indicating success. Stories in the popular press and casual observers might remark that a company has been “funded,” as though its future is thereby secure. To […]