IANAL but I can't see a problem if you both agree that the terms
upfront. Here are some extra thoughts:
1. You may want to get a specific release from "B" to have no claim over the IP.
2. "A" may have a problem valuing the company initially as you
transition from business to PTY with some IP: it
Good info here, thanks Guys.
I have a quick question around vesting. I think it's still on topic.
Let's look at the following scenario:
- 2 co-founders (A & B), working on project for several years.
- Working product has been developed
- Organisational structure is partnership, i.e. registered b
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> From: "Niki Scevak"
> Sent: Wednesday, November 11, 2009 9:42 AM
> To: "Silicon Beach Australia"
> Subject: [SiliconBeach] Re: Vesting - any impact on raising angel? Know any
> good startup  lawyer in Sydney? Thanks
>
>
>
>
>
> >
Thanks Niki for the answer.
It helps a lot.
-h
--
From: "Niki Scevak"
Sent: Wednesday, November 11, 2009 9:42 AM
To: "Silicon Beach Australia"
Subject: [SiliconBeach] Re: Vesting - any impact on raising angel? Know any
goo
Hendro, on the impact of vesting on an Angel investor's perception, I
don't know what investors you have been talking to but any sane/
rational one will look at vesting extremely favorably. Their
investment is only protected with founder vesting (if one of you
leaves his/her stake is increased as
1. I can't see why pre-defined vesting would be a barrier because its likely
they (Not so sure about angel investment, but VC shareholders agreements
will likely have founders vest) will want to override it with an entirely
new (negotiated) terms.
2. No :)
However, if the terms are simple it may n
