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What was unique about his case? How did he get away with keeping a majority share?
by Redoubts 11y ago
What was unique about his case? How did he get away with keeping a majority share?
- aaronbrethorst 11y agoHe had an incredible amount of early traction. For every startup/VC dyad, there's going to be a power imbalance. Either the founder(s) and their company are in high demand (rare), or the VC is (typical). The side that has the leverage is going to get the best terms. Normally that's the VC. (Liquidation preference, your first born, board seats, etc.)
- choppaface 11y agoZuck also had attracted a talented initial team, so he was able to ride the growth and curtail competition along the way.