What is a Founder’s Agreement

And Why It’s Essential Before You Start Working On Your Startup

Why is a Founder’s Agreement important?

Here are some examples of why a Founder’s Agreement is important:

How much time should you spend on creating a Founder’s Agreement?

How to create a Founder’s Agreement:

1. Decide how you want to split the ownership of the company.

2. Decide how you want to make decisions about the company.

3. Decide how you want to add or remove founders from the company.

4. Decide how you want to divide up shares of the company between founders.

5. Decide how you want to handle a merger or acquisition of the company.

6. Sign and date it.

Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students teach and learn better. I am also a mentor and investor.