Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play

2026-09-10 · 23 min · 27 entities

episode page audio

Asserted relationships

→ references twistartups.substack.com website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://twistartups.substack.com/
→ references @Calacanis website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://substack.com/@calacanis
→ references Roelof Botha person

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://en.wikipedia.org/wiki/Roelof_Botha
→ appeared on This Week in Startups podcast

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evidence rules-v5
Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play
→ hosted by Jason Calacanis person

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evidence rules-v5
Feed author/publisher: Jason Calacanis
→ discusses Technology company

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evidence rules-v5
Feed category: Technology
→ references ThisWeekIn website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://youtube.com/thisweekin
→ references @Thisweekinstartups website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://tiktok.com/@thisweekinstartups
→ references partners.launch.co company

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://partners.launch.co/
→ references sequoiacap.com website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://sequoiacap.com/
→ references wsgr.com website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en
→ references Becki DeGraw person

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en/people/becki-degraw.html
→ references Google Has Acquired Youtube person

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://techcrunch.com/2006/10/09/google-has-acquired-youtube
→ references Emerging Companies person

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en/services/practice-areas/corporate/emerging-companies.html

Entities found in this episode

websites 12

mentioned twistartups.substack.com website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://twistartups.substack.com/
mentioned @Calacanis website

0.90

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://substack.com/@calacanis
references twistartups.substack.com website

0.77

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://twistartups.substack.com/
references @Calacanis website

0.77

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://substack.com/@calacanis
mentioned ThisWeekIn website

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evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://youtube.com/thisweekin
mentioned @Thisweekinstartups website

0.45

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://tiktok.com/@thisweekinstartups
mentioned sequoiacap.com website

0.45

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://sequoiacap.com/
mentioned wsgr.com website

0.45

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en
references ThisWeekIn website

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://youtube.com/thisweekin
references @Thisweekinstartups website

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://tiktok.com/@thisweekinstartups
references sequoiacap.com website

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://sequoiacap.com/
references wsgr.com website

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en

persons 10

mentioned Roelof Botha person

0.90

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://en.wikipedia.org/wiki/Roelof_Botha
references Roelof Botha person

0.77

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://en.wikipedia.org/wiki/Roelof_Botha
mentioned Jason Calacanis person

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evidence rules-v5
Feed author/publisher: Jason Calacanis
mentioned Becki DeGraw person

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evidence rules-v5
Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play
hosted by Jason Calacanis person

0.55

evidence rules-v5
Feed author/publisher: Jason Calacanis
mentioned Google Has Acquired Youtube person

0.45

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://techcrunch.com/2006/10/09/google-has-acquired-youtube
mentioned Emerging Companies person

0.45

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en/services/practice-areas/corporate/emerging-companies.html
references Becki DeGraw person

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en/people/becki-degraw.html
references Google Has Acquired Youtube person

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://techcrunch.com/2006/10/09/google-has-acquired-youtube
references Emerging Companies person

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://wsgr.com/en/services/practice-areas/corporate/emerging-companies.html

companys 4

mentioned Technology company

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evidence rules-v5
Feed category: Technology
mentioned partners.launch.co company

0.45

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://partners.launch.co/
discusses Technology company

0.40

evidence rules-v5
Feed category: Technology
references partners.launch.co company

0.38

evidence rules-v5
Link in episode "Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play": https://partners.launch.co/

podcasts 1

appeared on This Week in Startups podcast

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evidence rules-v5
Becki DeGraw on founder vesting, advisor equity & the 4-term-sheet play

Episode description as stored

This Week In Startups is made possible by: Wilson Sonsini: https://www.wsgr.com/en/ Today's show: One of YouTube's three co-founders left for grad school and walked away with a fraction of what his partners made on the Google sale. Becki DeGraw of Wilson Sonsini joins Jason for Startup Legal Basics to explain the vesting schedule behind that gap, and why you want one even if you never take a dollar of venture money. Learn how VCs actually respond when a founder says "I've already put in four years," and the exact language Jason gives founders to turn one term sheet into three. PLUS, why is an inactive advisor still vesting your equity, and who wrote those performance milestones? Guests: Becki DeGraw on LinkedIn: https://www.linkedin.com/in/rebecca-degraw-639bbb62/ Wilson Sonsini: https://www.wsgr.com/en/ Relevant Links: Becki DeGraw — partner in WSGR's San Francisco office — https://www.wsgr.com/en/people/becki-degraw.html TechCrunch broke the YouTube story— https://techcrunch.com/2006/10/09/google-has-acquired-youtube/ Sequoia Capital — https://www.sequoiacap.com/ Roelof Botha — led Sequoia's YouTube investment and later ran the firm globally → https://en.wikipedia.org/wiki/Roelof_Botha ESOP / employee stock option pool — https://thisweekinstartups.com/basics Founder & advisor equity documents — https://www.wsgr.com/en/services/practice-areas/corporate/emerging-companies.html Timestamps: 0:06 Becki DeGraw on why founder equity is "near and dear" to every founder 1:53 Founder vesting explained 3:49 Why you want vesting even if you never take VC money 6:05 "Why do I have to vest again?" 7:32 Leverage is a function of how many offers you have 10:36 The exact script for landing a second term sheet 14:37 Don't let an AI write your three-page vesting schedule 18:19 Character in Silicon Valley: it's a small world after all 19:49 Take the emotion out of it Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com Check out the TWIST500: https://www.twist500.com Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp Follow Lon: X: https://x.com/lons Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis Check out all our partner offers: https://partners.launch.co/ Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland Check out Jason's suite of newsletters: https://substack.com/@calacanis Follow TWiST: Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups Substack: https://twistartups.substack.com