On: FounderPool: A community for founders to share risk and diversify their equity

[mkolodny]

Does a startup's equity in the pool vest over time? I'd be concerned about a startup joining the pool, and then immediately dissolving their company.

[bananaface → mkolodny]

Would vesting help? Instead of dissolving you just... wait. Pretend to build.

[geoburke → bananaface]

Good way to get oneself kicked out of the pool before fully vesting.

[bananaface → geoburke]

How do you legally kick them out?

[csentropy → bananaface]

Because of the condition for participation in the pool is that your stock should continue to vest, for the membership shares in the pool to continue to vest.

[bananaface → csentropy]

Wait so your startup has to continue to grow in order for you to be able to claim profits from the pool? Doesn't that defeat the purpose?

[geoburke → bananaface]

As the first pool forms we'll collect the members' desired requirements for vesting rules, and write those into the legal docs.

[geoburke → mkolodny]

Yes, big concern here, so vesting happens over time.