Venture Deals · glossary
A right to buy a stated number of shares later at a fixed price. It carries no vote or dividend, and its holder becomes a shareholder only when entered in the register. Appendix 4 · Chapter 12
Explained in Chapter 12, Employee Equity and the Option Plan, of Venture Deals.
Reverse vesting works the other way round from employee options (rights to buy shares later). An option holder owns nothing until the option vests. A founder pays for the whole holding on day one and goes on the register at once.Read Chapter 5, Vesting, Leavers and the Founder Who Left →
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