@AustenAllred how does income split work if a student starts a venture backed company following Lamdba? Have you seen this happen yet?
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Replying to @WillManidis
Yup. We get a percentage of income. Usually during those years that’s just salary, we don’t have an equity piece in the company.
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Replying to @AustenAllred
Interesting, if the founder chooses to not take salary but equity during those first few years, does the income sharing rail to zero?
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Replying to @WillManidis
The income share agreement lasts up to 5 yrs, so if they took $0 for 5 years we’d make nothing
8:35 AM - 24 Sep 2018
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