I’m bringing a new CFO to my company with over 35 years of experience as a finance leader. We’re negotiating the vesting schedule and we’re talking about a 7% with 30% immediate vesting and 70% after we close our first deal.
I’m not sure if this vesting schedule would be good but at the same time, he has a very good experience in the area. Don’t wanna lose the guy, I’m trying to negotiate with him a 2 years vesting schedule with a 30% immediate vested and the 70% over the next 2 years but he doesn’t wanna do this way. He wants the way I said before.
My CTO accepted 4% of the company with 4 year vesting period with 1 year cliff normally(Yes, I’m not following YC advice about the CTO equity)
I’m thinking about the possibility of the CFO just get this part and don’t work or just leave for any reason and then I’ll not have enough equity to hire a new CFO.
Any suggestion about it?
Thanks in advance
I’m not sure if this vesting schedule would be good but at the same time, he has a very good experience in the area. Don’t wanna lose the guy, I’m trying to negotiate with him a 2 years vesting schedule with a 30% immediate vested and the 70% over the next 2 years but he doesn’t wanna do this way. He wants the way I said before.
My CTO accepted 4% of the company with 4 year vesting period with 1 year cliff normally(Yes, I’m not following YC advice about the CTO equity)
I’m thinking about the possibility of the CFO just get this part and don’t work or just leave for any reason and then I’ll not have enough equity to hire a new CFO.
Any suggestion about it?
Thanks in advance