Playing a long-term game with Shifu
It’s industry standard that the founder stock vests in 4 years! For example, in Almabase, I got my entire equity within 4 years from inception!
But Prateek and I envision to help founders build 100 Almabase’s - 100 B2B AI companies getting to $10M ARR in a profitable & capital efficient way!
While we have been telling our potential team members, potential portfolio founders and investors that we are in this for the long-term, a few days ago, our attorney reach-out to get the Stock Restriction Agreement signed with the standard terms - 4 year vesting!
I am blessed to have Prateek as my co-founder! He is 10-year younger to me, but lot more matured than me! He immediatly slacked me that saying that our actions should reflect our conviction, and he proposed that we keep the vesting to a decade!
We discussed with a few key investors and legal counsel, and within two hours, we decided to keep 10-year vesting instead of standard 4-year vesting for both of us! Given our massive ambition for Shifu, this seemed like a no-brianer!
“Play long-term games with long-term people.
— Naval (@naval) March 24, 2019
All returns in life, whether in wealth, relationships, or knowledge, come from compound interest.” https://t.co/zUzrUNBpXt