Comments on: In the News… http://www.adeoressi.com/2008/10/27/in-the-news/ Entrepreneur, Environmentalist, and Founding Member of TheFunded.com Sat, 21 Aug 2010 17:46:41 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: suzanne http://www.adeoressi.com/2008/10/27/in-the-news/comment-page-1/#comment-477 suzanne Mon, 03 Nov 2008 22:32:57 +0000 http://www.adeoressi.com/?p=178#comment-477 TheFunded Tesla event totally ROCKED! Thanks Adeo and Cindy for putting it together. I was lucky enough to get a test drive, which was out of this world. Not sure if I will be able to appreciate other cars after that... I've posted some pictures from the event here: http://www.facebook.com/album.php?aid=2078034&l=e348c&id=2900395 And, regarding founder cliff, cliff vesting is when a founder's shares will only start to vest after a more substantial period of time (ie. standard vesting terms provide that 25% of founders equity will “cliff” vest after one year with the remaining 75% vesting quarterly or monthly over a three or four year period). Hope that helps! TheFunded Tesla event totally ROCKED! Thanks Adeo and Cindy for putting it together. I was lucky enough to get a test drive, which was out of this world. Not sure if I will be able to appreciate other cars after that…

I’ve posted some pictures from the event here: http://www.facebook.com/album.php?aid=2078034&l=e348c&id=2900395

And, regarding founder cliff, cliff vesting is when a founder’s shares will only start to vest after a more substantial period of time (ie. standard vesting terms provide that 25% of founders equity will “cliff” vest after one year with the remaining 75% vesting quarterly or monthly over a three or four year period). Hope that helps!

]]> By: Mister Nick http://www.adeoressi.com/2008/10/27/in-the-news/comment-page-1/#comment-465 Mister Nick Tue, 28 Oct 2008 03:51:01 +0000 http://www.adeoressi.com/?p=178#comment-465 Um, I know this is a total idiot question. What's a "Cliff for founders" I'm assuming that has to do with stock vesting? Or is it a decision to meet a landmark by a certain date or walk away? Sorry, it's a new term for me. Fill me in, holmes. Um, I know this is a total idiot question.

What’s a “Cliff for founders”

I’m assuming that has to do with stock vesting? Or is it a decision to meet a landmark by a certain date or walk away?

Sorry, it’s a new term for me. Fill me in, holmes.

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