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0 pointslearc835y ago0 comments

The OP said it was a 4yr reverse vesting schedule and that they currently owned 40%.

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ericd5y ago· 2 in thread

With a 1 year cliff, I’m pretty sure he effectively owns 0 right now.

With a reverse vest, you own the shares immediately, and the vesting schedule defines how much of the shares you retain if you leave (i.e. if he quits now, 100% will be clawed back).

ericd5y ago

Yep, which means he effectively doesn’t own them right now, in any meaningful financial sense. For the purposes of control, sure.

The parent comment of this thread was talking about keeping 40% of nothing.

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