2min chapter

Startup School by Y Combinator cover image

Startup Legal Mechanics by Carolynn Levy

Startup School by Y Combinator

CHAPTER

Founders Shares Should Be Subject to Vesting

Do not place too much importance on the founder that had the idea for the business, because all of the hard work is in front of the team. Open a corporate bank account as soon as possible. For start ups, by laws can be extremely generic. And it's critical to form good habits around how you treat your company's money.

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