PayPal Startup Blueprint, by PayPal, is a global program that provides innovative startups with tools needed to grow and succeed. 

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Class F

2011-09-15: by Adeo Ressi

Description:
These are the full set of Class F incorporation documents for a startup based in Delaware.

Certificate of Incorporation

Founders should read. The Institute has created a new class of common stock to protect founders, "Class F." The stock offers Founders a suite of protective provisions, 2:1 Board votes per Founder versus normal Board Members, and 10:1 share votes as compared to normal common. Participating Class F shares vest monthly without a cliff to act as compensation for founding teams, and "single trigger acceleration" allows one Founder to leave without hurting co-Founders.


Bylaws

Founders should read. The customized guidelines to operate the company, including paying dividends, etc.


Stock Purchase Agreement

Founders should read. The following document compliments the Form of Incorporation above.


Action by Incorporator

Required authorization form to set-up the Bylaws and the Board of Directors.


Adoption of ByLaws

Required authorization to adopt the Bylawys.


Stockholder Consent

Stockholder authorization of an Employee Stock Option plan and other logistics.


Board Consent

Board authorization of corporate logistics.


Indemnification

Indemnification form for the Board of Directors.

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