{"id":7887,"date":"2026-05-11T15:17:04","date_gmt":"2026-05-11T15:17:04","guid":{"rendered":"https:\/\/virconlegal.com\/term\/hakedis\/"},"modified":"2026-05-12T20:19:36","modified_gmt":"2026-05-12T20:19:36","slug":"hakedis","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/hakedis\/","title":{"rendered":"Hakedi\u015f"},"content":{"rendered":"

TLDR:<\/h3>\n

Vesting (Hakedi\u015f), kurucular\u0131n ve \u00e7al\u0131\u015fanlar\u0131n \u015firket hisselerinin veya hisse senedi opsiyonlar\u0131n\u0131n belirli bir s\u00fcre veya kilometre ta\u015f\u0131na ba\u011fl\u0131 olarak kademeli olarak hak kazanma s\u00fcrecidir. Uzun vadeli taahh\u00fcd\u00fc te\u015fvik eder ve \u015firketi erken ayr\u0131lmalara kar\u015f\u0131 korur.<\/p>\n

Vesting Nedir?<\/h3>\n

Vesting, \u00e7al\u0131\u015fanlar\u0131n veya kurucu ortaklar\u0131n kendilerine verilen hisse senedi ya da opsiyonlar\u0131n ger\u00e7ek sahibi haline gelme s\u00fcrecidir. En yayg\u0131n yap\u0131 4 y\u0131ll\u0131k vesting takvimi ve 1 y\u0131ll\u0131k “cliff”tir (u\u00e7urum): \u00e7al\u0131\u015fan, ilk 12 ay tamamlanmadan ayr\u0131l\u0131rsa hi\u00e7bir hisse hak etmez. 12 ay\u0131n sonunda toplam hissenin %25’ini hak eder; kalan %75 sonraki 36 ay boyunca ayl\u0131k olarak hak edilir.<\/p>\n

Vesting Neden \u00d6nemlidir:<\/h3>\n

Vesting hem \u015firket hem de yat\u0131r\u0131mc\u0131 menfaatlerini korur. Vesting olmadan, bir \u00e7al\u0131\u015fan veya kurucu ortak hisselerini ald\u0131ktan k\u0131sa s\u00fcre sonra ayr\u0131labilir ve \u015firket h\u00e2l\u00e2 \u00f6nemli miktarda \u00f6z sermayeye sahip eski bir ki\u015fiyle u\u011fra\u015fmak zorunda kal\u0131r. Bu durum, gelecekteki finansman turlar\u0131n\u0131 ve \u015firketin de\u011ferini olumsuz etkiler. Vesting, \u00e7al\u0131\u015fanlar\u0131n ve kurucu ortaklar\u0131n \u015firketin uzun vadeli ba\u015far\u0131s\u0131na ba\u011fl\u0131 kalmas\u0131n\u0131 te\u015fvik eder.<\/p>\n

Vesting’in B\u00fcy\u00fcyen Bir \u015eirket \u0130\u00e7in \u00d6nemi:<\/h3>\n

B\u00fcy\u00fcyen \u015firketler i\u00e7in vesting, sa\u011fl\u0131kl\u0131 bir \u00f6z sermaye y\u00f6netimi i\u00e7in kritik bir ara\u00e7t\u0131r. Yat\u0131r\u0131mc\u0131lar \u2014 \u00f6zellikle risk sermayedarlar\u0131 \u2014 vesting h\u00fck\u00fcmleri olmadan yat\u0131r\u0131m yapmay\u0131 kabul etmez \u00e7\u00fcnk\u00fc bu durum, kurucu istikrars\u0131zl\u0131\u011f\u0131 durumunda b\u00fcy\u00fck dil\u00fcsyon riskleri yarat\u0131r. Vesting ayr\u0131ca \u00e7al\u0131\u015fanlara somut bir te\u015fvik sa\u011flar: \u015firkette ne kadar kal\u0131rlarsa o kadar fazla \u00f6z sermaye sahibi olurlar.<\/p>\n

Yayg\u0131n Vesting Yap\u0131lar\u0131:<\/h3>\n

Standart yap\u0131 1 y\u0131ll\u0131k cliff’li 4 y\u0131ll\u0131k vesting’dir. Baz\u0131 \u015firketler 5 veya 6 y\u0131ll\u0131k daha uzun s\u00fcreler kullan\u0131r. Kademeli vesting (her ay veya \u00e7eyrekte e\u015fit oranda), milestone vesting (belirli hedeflere ula\u015f\u0131ld\u0131\u011f\u0131nda), ve hibrit vesting (zaman + milestone) gibi varyasyonlar da vard\u0131r. M&A senaryolar\u0131nda “acceleration” (h\u0131zlanma) h\u00fck\u00fcmleri devreye girebilir: tek tetikleyici (single trigger – sadece sat\u0131n alma yeterli) veya \u00e7ift tetikleyici (double trigger – sat\u0131n alma + \u00e7al\u0131\u015fan\u0131n i\u015ften \u00e7\u0131kar\u0131lmas\u0131) yap\u0131lar\u0131 tipik olarak m\u00fczakere edilir.<\/p>\n","protected":false},"excerpt":{"rendered":"

TLDR: Vesting (Hakedi\u015f), kurucular\u0131n ve \u00e7al\u0131\u015fanlar\u0131n \u015firket hisselerinin veya hisse senedi opsiyonlar\u0131n\u0131n belirli bir s\u00fcre veya kilometre ta\u015f\u0131na ba\u011fl\u0131 olarak kademeli olarak hak kazanma s\u00fcrecidir. Uzun vadeli taahh\u00fcd\u00fc te\u015fvik eder ve \u015firketi erken ayr\u0131lmalara kar\u015f\u0131 korur. Vesting Nedir? Vesting, \u00e7al\u0131\u015fanlar\u0131n veya kurucu ortaklar\u0131n kendilerine verilen hisse senedi ya da opsiyonlar\u0131n ger\u00e7ek sahibi haline gelme s\u00fcrecidir. […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-7887","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=7887"}],"version-history":[{"count":3,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7887\/revisions"}],"predecessor-version":[{"id":9603,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7887\/revisions\/9603"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=7887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=7887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}