let's say i start a business with a friend and the cap table shows we each have 50% of the shares. We agree to a given vesting period, say 4 years with a 1 year cliff and we have leaver provisions such that when you leave the company you keep any vested shares but not unvested shares. If I or my friend leaves the business after say, 2 years and have vested half of our shares, does that mean that the co-founder who remains ends up owning 75% of the shares and the departed co-founder owns 25%?
For the sake of simplicity I want to pretend there is no option pool or other investors/shareholders.
Submitted September 20, 2021 at 06:31AM by physioworld https://ift.tt/3tWRsha
