How do you get employees excited & motivated? You make them part of your DNA, and that means bringing them into the cap table.
The main difference between co-founders and employee participations is that employees don’t become shareholders. Instead, they only get options once there is an exit, and that’s when they’ll be treated as if they have shares & will sell them to the buyer.
This kind of tricky & complex, as there are lots of clauses. That’s also why this document is 15 pages long - sorry ;)
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