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:
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.
Step 1: Choose the company name
Step 2: Choose a legal entity structure
Step 3: File incorporation paperwork
Step 4: Issue equity to founders and advisors
Step 5: Establish the company’s options pool
Incorporation Process Overview
Also see Quarterly Milestones & North Stars