There are inherent risks in startups. Those may be better manageable from an employee perspective with more disclosure. A fundamental problem with startup is th

There are inherent risks in startups. Those may be better manageable from an employee perspective with more disclosure. A fundamental problem with startup is that data is backward looking, extremely noisy and is not really a good predictor of what's to come. Considering the need of high level negotiations about funding often at the brink of shutting down financial disclosure at the wrong point in time can put the startup at a disadvantage. There are also risks of misrepresentation and outright fraud. Those can't be solved with data room access but only fact finding audits from the outside and whistle blowers from the inside.