We had a little chart that weighted the monetary contribution to 25% with sweat being worth 75%.
(Did a quick calculation, not sure if it's right... does this mean we're worth $400k??)
The reason why I'm asking is because I'm trying to convince the others that vesting is INDEED necessary since I'm worried that someone could just pull out and we'd lose all our startup funds in order to buy the stock back.
Our lawyers are apparently too busy to answer these questions because I've asked them and they haven't been any help at all. PG and others, if you can point me in the right direction that'd be great.
(Did a quick calculation, not sure if it's right... does this mean we're worth $400k??)
The reason why I'm asking is because I'm trying to convince the others that vesting is INDEED necessary since I'm worried that someone could just pull out and we'd lose all our startup funds in order to buy the stock back.
Our lawyers are apparently too busy to answer these questions because I've asked them and they haven't been any help at all. PG and others, if you can point me in the right direction that'd be great.