Formbricks

Maker

Buon giorno! 👋 3 weeks ago the On Deck Build Weekend got wrapped up and with it, I got a message from one of the On Deck founders: "Hey Johannes - interested in building this (Founder's Prenup) inside On Deck as a part of the team?" Humbled and happy that my little idea resonated, I found myself in a dilemma. Should I apply for the job and work for one of the 🔥 startups from SV? Or should I continue freelancing on the side to build products which could grow into a company of their own? 🚀 I decided to build a first version, for two reasons: I can't think of a better way to apply for the job if I want it while buying me some time to think about it 🤓 So, here they are: Two simple and crisp agreements to help early-stage founders formalize their work relationships. -------------------------------- 🤝 THE FOUNDER's HANDSHAKE 🎯 Triggers all essential conversations two people should have before getting their hands dirty. Writing it down prevents misunderstandings and "did we really talk about this?"'s. Covers: Milestones, Responsibilities, Time Commitment, Cost, Profit & Fundraising Philosophy, Equity Split (Ballmark Estimate), Personal Run Rate, Founder Vesting, What happens if things don't work out and more. -------------------------------- 💍 THE FOUNDER's PRENUP 🎯 You already worked on your idea and incorporated a company doing so? You want to onboard a new Co-Founder but want to test working together before making it official? The Prenup is made for you! Protect your IP from claims, leaking of insights (NDA) and home-made competition WHILE aligning incentives. Includes: Deliverables, Transfer of IP, Confidentiality, Prevention of Employee Solicitation, Non-Compete during Test Run and the basic stuff you don't want to deal with. -------------------------------- Please note: Founder Pie provides self-help services at your specific direction. We are NOT a law firm or a substitute for an attorney or law firm. Communications between you and Founder's Pie are NOT protected by the attorney-client privilege or as work product. We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options, selection of forms, or strategies.

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4yr ago

Johannes

Formbricks

Maker

@tanjum Thank you! :))

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4yr ago

Ken Savage

CookieJar

@jobenjada dude? This comes at a perfect time for me. I’m partnering with somebody else I’m not sure how far the business will take us but he seems cool. I like the idea of the handshake and pre-nip phases. Thank you 👍

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4yr ago

Johannes

Formbricks

Maker

@kensavage What a coincidence! It seems that signing a Handshake is a very good start for the two of you :) Shoot me a message on Twitter @jobenjada in case you have questions or feedback! Super happy to make the product more tailored to your needs!

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4yr ago

Markus Hafellner

@jobenjada Can this really only be done for 2 founders? 🤯 how about teams of 3 or 4? Do you plan to expand your form? Hopefully not too hard and opens it up to a lot more teams.

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4yr ago

Johannes

Formbricks

Maker

@mhafellner Hey Markus! Correct, currently its only for teams of two but it will certainly be available for founding teams for three and more! Didn't yet get around to build as I wanted to test demand first. But its pretty high up on the list, and you now moved it a position more up! :)

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4yr ago

Bertie IP

Switch 1.0

This is actually mega useful. Pretty much everything seems overkill as you kick an idea off the ground, but a simple agreement makes a lot of sense. Nice one, @jobenjada - congratulations on the launch, and thanks for helping launches 🌱🚀

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4yr ago

Johannes

Formbricks

Maker

@bertie Hey Bertie! Happy that you see the value too :) I totally agree that the solution needs to be simple and quick - with much lawyer-language.

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4yr ago