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

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

Also see

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Quarterly Milestones & North Stars

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Company Structure Over Time

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Company Wind Down