What is everyone’s commitment?

Helpful questions to ask about commitment:

• Is everyone in it for the long-haul?
• Will we all work on this full-time or is this a side gig?
• What happens to our equity if our commitment level increases, decreases, or one of us leaves?

Make sure the founder’s shares vest over a period of time (usually four years) and include clear guidelines within the partnership agreement for what happens to a founder’s share should they quit, are forced out, or leave voluntarily.