I don't know why but the idea of the chance of pulling out all your SP in one go fills me with horror. I can understand from the point of an investor wanting a safety out but maybe I have been conditioned into the way things are for too long to be objective about it!
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The safety for an investor is knowing that the team will still be there tomorrow, next week, next month, and next year. That is why founders, and also employees, have vesting terms.
The safety for a team to build is knowing that the rug on which they ride their rollercoaster isn’t pulled under their feet tomorrow.