ETHAN COLESTARTUP & VENTURE ATTORNEYTALK ABOUT YOUR STARTUP Evolving Connect

Founder agreements

Friends now.Co-owners for years.

Get the founder relationship right before the stakes get higher.

Talk about your startup
Small team discussing a project around a tableBUILT AROUND YOUR BUSINESS.

01 / THE PROBLEM

Founder relationships get complicated when expectations aren’t written down.

A useful founder discussion covers contribution, commitment, authority, and what happens if plans change. Written arrangements should connect to the actual equity documents and company governance, rather than sit separately from them.

+02 / COMMON FRICTION

Small gaps.Bigger questions.

01Ownership unclear

02No vesting

03Undefined roles

04IP outside the company

05No departure plan

06Deadlocked decisions

03 / HOW ETHAN CAN HELP

Understand the business.
Then the documents.

Start with your objective and the documents already in place. Identify the decisions that need attention, discuss practical options, and coordinate the work needed to move forward.

A useful founder discussion covers contribution, commitment, authority, and what happens if plans change. Written arrangements should connect to the actual equity documents and company governance, rather than sit separately from them.

+04 / WHAT THE SERVICE MAY INCLUDE

The workbehind the next step.

  1. Ownership percentages and founder roles
  2. Decision making and responsibilities
  3. Vesting and repurchase rights
  4. IP assignment and confidentiality
  5. Departures and deadlocks

The scope is agreed for each engagement. Some questions may require coordination with tax, employment, or other specialist advisers.

05 / WHERE IT FITS

FORMBUILDRAISE

07 / WHEN YOU MAY NEED THIS

Adding a cofounder?Changing who does what?

+FOUNDER FAQ

Good questions.Clearer next steps.

General information only.
Not legal or tax advice.

01

When should founders sign founder agreements?

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Discuss roles, contributions, ownership, departures, and decision making early—ideally before significant work, equity issuances, or outside capital complicate the relationship.

02

What is founder vesting?

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Vesting ties ownership rights to time or other conditions. Depending on the documents, the company may have a right to repurchase unvested shares if a founder leaves.

03

Who owns code written before incorporation?

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Ownership depends on authorship, employment, prior agreements, and other facts. Incorporation alone does not transfer earlier code; identify the rights and document an appropriate assignment or license.

+PEOPLE, OWNERSHIP, POSSIBILITY

Build together.Think ahead.

Clear expectations give founders and growing teams a common starting point.

Founders working through business decisions
01 / GET ALIGNED
A team collaborating in a meeting
02 / MAKE ROOM TO GROW
Explore founder agreements

YOUR NEXT CHAPTER STARTS WITH A CONVERSATION.

Let’s talk about
what you’re building.

Tell Ethan where the company is today
and what needs to happen next.

Talk about your startup