Long-time lurker, first time poster - nice to meet you all!
I'm a UK-based CRO of a fintech startup, with three other co-founders based in Amsterdam, NL and San Francisco, US. Our startup is incorporated in the Netherlands, and whilst we've been working on our product, we sidestepped all of the paperwork involved in share issuance etc by simply having the CEO own 100% of the shares (since we didn't want to spend money we didn't have at the time on handing out shares that were worth nothing before we were confident our product would 'take').
However, things have evolved now, and we're at the stage where we're due to start accepting investment funding. As such - since it's always easier to talk about money before it becomes real - we want to hammer out a founders agreement that dictates ownership for the sake of getting our cap table affairs in order.
My question is - given that we're spread across three different countries, does a founders agreement have to be one that's legally valid in each founders' country of residence, or simply the country where the startup is incorporated? Does anyone here have any experience in such a setup?
Any insights would be greatly appreciated!