Hi there, We’re very happy to give a boost to the German startup ecosystem. The template for employee participation has been created in collaboration with Taylor Wessing and Baker Tilly, two of the major startup law firms in Germany! Setting up an employee participation scheme in Germany is still complicated. That’s why we have created this template to take the pain out of the process. Some of Germany’s top founders and investors have supported us in our effort. Here’s what they have to say: “Without employee participation plans, companies miss the opportunity to incentivize young people to work in a startup by profiting from its success.”—Johannes Reck, CEO @ GetYourGuide “I want everyone in the company to participate in its success from the beginning. In the US this is already the norm, but in Germany, it’s still complicated.”—@christianreber, CEO @ Pitch “Any initiative that makes it easier for companies and employees to increase their use of stock options is a welcome one. We applaud Ledgy for helping entrepreneurs in Germany to set up robust and fair virtual stock option schemes. Our hope is that legislators in Germany will make reforming stock option policies a priority in 2020, allowing employees to receive real stock options, not just virtual ones.”—Dominic Jacquesson, VP Talent @ Index Ventures, a VC that founded the Not Optional initiative In addition, you can use the Ledgy term sheet guide to easily draft a document with the conditions of your participation plans. If you have any questions, please let us know in the comment section below!

Germany needs this! This campaign is supported by some of the most successful German founders, which shows how important this is. Which European country should come next for free participation plan templates?

Really excited about this! Let's get those options to the people 🎉