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OCV Public Handbook/🏒Company Formation

Company Formation

OCV actively conducts research on open source software projects and recruits founders to join our companies.
As a general screening criteria, we would only consider projects with a minimum of 20 monthly MR/PRs or 5,000 stars on GitHub.
Once a founder provides verbal acceptance of our offer, follow the process outlined below to draft and send out an indicative offer letter via DocuSign:
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Founder Offer Letter
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Below are general steps we follow in the company formation process. Steps 1 and 2 may be discussed as part of the verbal acceptance process.
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Step 1: Choose the company name
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Step 2: Choose a legal entity structure
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Step 3: File incorporation paperwork
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Step 4: Issue equity to founders and advisors
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Step 5: Establish the company’s options pool
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Step 6: Fund the business
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Step 7: Systems setup
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Incorporation Process Overview
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Company Structure Over Time
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Company Wind Down
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Research processes