What should be prioritized when dividing equity with co-founders?
— Long-term motivation and commitment to the company should be prioritized over negotiation tactics when dividing equity with co-founders.
How can equity safety be ensured for startup teams?
— Vesting and a cliff can be used to ensure equity safety for startup teams, with four-year vesting and a one-year cliff.
What should a CEO do to keep the team motivated?
— A CEO should keep the team motivated, even if they don't receive any rewards within the first year.
Why is a one-year cliff for vesting important?
— A one-year cliff for vesting acts as a hedge to correct any incorrect decisions about choosing co-founders without long-term harm to the company.
What should be the motivation for co-founders?
— The motivation for co-founders should be equity stake, not external factors.
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