I have not been through much of it, but the General Counsel of a former employer pointed me there. What I've seen looks good.
To answer another question on this thread, the attorneys I spoke with all recommended incorporating in DE if you're thinking about approaching "professional" angels or VCs.
Seems pretty shady. Deferred raise, or bonus based on revenues, would be fine.
I assume in this particular example, they mean to replace cash now with options, but it's worded strangely. If you defer all cash (or everything over min wage) with options, I'd consider that a founder.
If the startup is "hot" -- and that's a definition everyone will have to make for what matters to them -- you could consider maximizing equity and minimizing cash. The odds are low, true, but you may still be able to legitimately decide it's worth it. But pretty tough for me to imagine a scenario where it's worth it for 30+ people to do.
No way any architect should know nothing about writing code, or have no dev experience.
It is ok if they don't know everything, but would expect anyone in a senior position to know their limitations (and be able to shore them up if it's important).
I have not been through much of it, but the General Counsel of a former employer pointed me there. What I've seen looks good.
To answer another question on this thread, the attorneys I spoke with all recommended incorporating in DE if you're thinking about approaching "professional" angels or VCs.