There’s a lot to consider when starting a business, but the relationship with your co-founders is probably one of the most critical parts. I learned about early vesting and salaries the hard way.
On the company I started in 2012 we did have a good vesting agreement in place, but failing to define salaries spiraled badly. I ended up with about $16,000 in credit card debt, which may not sound like a lot to you, depending on where you live… but 23-year old me, living in Costa Rica where the salary that I could aspire to was $12,000 a year- it looked like I was going to spend the rest of my twenties paying that back. Let’s start with stock and vesting. Once again, if you don’t understand how stock works, you should check out this video.