Which are the best practices for an ESOP?
Regarding vesting schedules, % of the company, Key People considered, at which point in the startup's development it should be defined.
The best practices for an Employee Stock Ownership Plan (ESOP) include ensuring that founders and employees of a startup have vesting schedules to secure investment from reputable VCs. This helps align the interests of the employees with the long-term success of the company and provides a structured approach to equity distribution.