Will I be diluted? How can a founder agreement and full-time contract cohabit?
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Will I be diluted? How can a founder agreement and full-time contract cohabit?
I have very basic knowledge regarding startup and company establishment. For the first time of my life I am proposed shares.
The facts:
- I am going to be co-founder level 1 of a Delaware corp startup/company.
- The company is in funding process and got only small percentage of the required fund.
- They want me to start working on a prototype for them part-time without getting salary before getting the full funding.
- They proposed to give me 2% of the shares with a founder agreement (with dilution allowed) as an incentive plan instead of a salary.
- This agreement defines I am a Contractor, not an employee and I need to work a minimum amount of time for them in the month. And they can review this time unilaterally later.
I know they will be fully funded very soon.
- What is the value of my 2% shares?
- What will happen to my 2% shares after the full funding and the registration of the company?
- What will happen to this co-founder agreement once I will be full-time employed once the full funding is reached?
startup
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
add a comment |
I have very basic knowledge regarding startup and company establishment. For the first time of my life I am proposed shares.
The facts:
- I am going to be co-founder level 1 of a Delaware corp startup/company.
- The company is in funding process and got only small percentage of the required fund.
- They want me to start working on a prototype for them part-time without getting salary before getting the full funding.
- They proposed to give me 2% of the shares with a founder agreement (with dilution allowed) as an incentive plan instead of a salary.
- This agreement defines I am a Contractor, not an employee and I need to work a minimum amount of time for them in the month. And they can review this time unilaterally later.
I know they will be fully funded very soon.
- What is the value of my 2% shares?
- What will happen to my 2% shares after the full funding and the registration of the company?
- What will happen to this co-founder agreement once I will be full-time employed once the full funding is reached?
startup
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
add a comment |
I have very basic knowledge regarding startup and company establishment. For the first time of my life I am proposed shares.
The facts:
- I am going to be co-founder level 1 of a Delaware corp startup/company.
- The company is in funding process and got only small percentage of the required fund.
- They want me to start working on a prototype for them part-time without getting salary before getting the full funding.
- They proposed to give me 2% of the shares with a founder agreement (with dilution allowed) as an incentive plan instead of a salary.
- This agreement defines I am a Contractor, not an employee and I need to work a minimum amount of time for them in the month. And they can review this time unilaterally later.
I know they will be fully funded very soon.
- What is the value of my 2% shares?
- What will happen to my 2% shares after the full funding and the registration of the company?
- What will happen to this co-founder agreement once I will be full-time employed once the full funding is reached?
startup
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
I have very basic knowledge regarding startup and company establishment. For the first time of my life I am proposed shares.
The facts:
- I am going to be co-founder level 1 of a Delaware corp startup/company.
- The company is in funding process and got only small percentage of the required fund.
- They want me to start working on a prototype for them part-time without getting salary before getting the full funding.
- They proposed to give me 2% of the shares with a founder agreement (with dilution allowed) as an incentive plan instead of a salary.
- This agreement defines I am a Contractor, not an employee and I need to work a minimum amount of time for them in the month. And they can review this time unilaterally later.
I know they will be fully funded very soon.
- What is the value of my 2% shares?
- What will happen to my 2% shares after the full funding and the registration of the company?
- What will happen to this co-founder agreement once I will be full-time employed once the full funding is reached?
startup
startup
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
asked 1 min ago
Alexis_FR_JPAlexis_FR_JP
1194
1194
add a comment |
add a comment |
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