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Good Reason

Glossary Term

Often defined in a double trigger vesting provision that accelerates an employee’s vesting if the company is acquired and the acquiring company does something that gives the employee “good reason” to receive the accelerated vesting of unvested shares.

The $20k to $50k funding offer by most accelerators is not enough to be a good reason to join. The reason to join an accelerator is the love – love from the network of mentors, love from the sponsors, and the “tough” love from a good program manager that pushes you to “accelerate” forward.
The $20k to $50k funding offer by most accelerators is not enough to be a good reason to join. The reason to join an accelerator is the love – love from the network of mentors, love from the sponsors, and the “tough” love from a good program manager that pushes you to “accelerate” forward.