- Original Poster
- #1
Can somebody explain in simple human language what the author wanted to say:
"I tried to argue my views on vesting to a company I tried to invest in 2 years ago. It was an A round deal but the founder was already 75% vested. They had brought in a new CEO who was 66% vested. They eventually took money from non-traditional VC based in the UK. Founder vesting was one of the emotional hot buttons for them. When the markets turned sour and they didnt hit their objectives the non-standard investor decided not to follow its investment. They now own 100% of worthless stock."
What happened in here and what is this 75% and 66% vested?
Regards
"I tried to argue my views on vesting to a company I tried to invest in 2 years ago. It was an A round deal but the founder was already 75% vested. They had brought in a new CEO who was 66% vested. They eventually took money from non-traditional VC based in the UK. Founder vesting was one of the emotional hot buttons for them. When the markets turned sour and they didnt hit their objectives the non-standard investor decided not to follow its investment. They now own 100% of worthless stock."
What happened in here and what is this 75% and 66% vested?
Regards
