Death of a Co-Founder: The Importance of Key Man Life Insurance

Key Man Life Insurance can be touchy subject for most startup founders. Most of the time it’s a "just-don’t-think-about-it" situation, and the only time the idea even comes up is when it appears on the Series A term sheet. Entertaining the thought of losing a co-founder is one of the last things any entrepreneur wants to do.

But unfortunately sometimes our worst fears our realized. Techcrunch recently ran a story about Sébastien Métrot, one of the founders of a startup called Yasound. In a recent presentation, Métrot shared the struggles he and the company faced when they lost co-founder and CEO Jean-Marc Plueger in a motorbike accident.

by Carl Niedbala

Full Story: http://foundershield.com/death-of-a-co-founder-the-importance-of-key-man-life-insurance/