2 ms·
Dilution is unpredictable and what's worse is you have the principal agent problem where employees who are affected don't have a seat at the negotiating table.
by sskates 11y ago
Dilution is unpredictable and what's worse is you have the principal agent problem where employees who are affected don't have a seat at the negotiating table. You're definitely counting on upper management/the board not to do things like that. Not sure on the solution but agreed that it needs to be solved.
- salem 11y agoThese side-letter deals and exits optimized for founders are probably not legal since they are often not in the best interests of shareholders, but I've never heard of them being investigated.