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  "documentTitle": "50Folds ESOP Template v3",
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  "notes": "Uses a narrative, chronological list format to explain the 'birthing rituals' of an ESOP.",
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      "text": "Founders hustle in the garage to make the latest pointless SoLoMo app called Slackchat which seems to get traction. They convince a friend 'John' to join and they swear he'll get shares... soon. They don't have the cash to donate to lawyers",
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      "text": "VCs circle and want to invest, only they insist before they invest you need a big ESOP pool to attract and retain staff. They ask for 25% and the founders propose and agree on 15% since they show their 'hiring plan' (and are aware of the option pool shuffle)",
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      "text": "John is happy (unless he hears a junior dev got more than him- which is not 'fair')",
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      "text": "John gets his initial grant and the ESOP agreement governs it",
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      "text": "VCS DRIVE FOUNDERS TO SET UP ESOPS AND TRY GET THEM TO MAKE A BIGGER PLAN THAN THEY NEED",
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      "text": "WHAT ARE THE BIRTHING RITUALS OF ESOPS?",
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