Top 5 mistakes entrepreneurs make in the early steps of their startups

  • Have a clause about premature share transfer. E.g., if leaving the company within X years, the person only gets the nominal share value. There has been a case with a thriving startup we worked with that hired a CTO and gave him shares… and the person left in 6 months after the next valuation round with x2 money in his pocket.
  • Sometimes the affection between the two of you stops, and you find yourself pulling the whole thing alone. Make sure to communicate this properly, both personally and contractually. You are only limited to the productivity of your weakest link!

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