Thank you Patio for that reply, it really helped. As for writting IOUs for cash alone, why not my time spent working as well? I am guessing since my vesting schedule started 3 months ago, that would cover that correct?

Also, being new to this, excuse my ignorance, what does vesting prevent? what does it encourage? First things that come to mind is if there were to be a fall out, the equity would remain under the one who stayed. On the opposite side, it encourages a long term commitment?