Startups Anonymous Est. 2013 · Read-only archive
Questions

How do I make sure I get my share of a startup that is in the process of being created?

I’m starting a project with some friends that seems promising, and the person that came up with the idea wants me to sign an NDA and an NCC. I don’t really have a problem with doing so, but how can I make sure that I become a co-founder at the time of incorporation as opposed to being ignored and having someone else become the sole CEO of the company?

I would also be a technical founder, so this is a bit different from the Zuckerberg scenario but I still fear for the same thing.

3 answers from the community

AAnonymous· Jun 10, 2015

Put a founder agreement in place (with vesting). There also needs to be a IP document as well.

Without these things sorted at the beginning stages shit tends to blow up later.

AAnonymous· Jun 10, 2015

Thank You!

AAnonymous· Jun 11, 2015

Yes, do the paperwork.