Displaying posts tagged with

“founders”

Pay Back the Founders

One of the commonly misunderstood components of an investment in a growing business by people who have not been there before is the concept of paying back the founders. That is, the company has a value, and people sacrificed in some way to help the company get to where it is today. That might have […]

Founders Agreements

I was reading a question on Answers OnStartup from someone who was not happy with his founders agreement, and wanted to know his options for renegotiating. The agreement made was as follows: I early on pushed for getting an operating contract agreed to by all three because I intuitively believed “make things explicit” would prevent […]