3 ms·
> So talk to the CFO about the numbers — when you’re hired, when it’s fundraising time, and any time in between. Hahahaha, oh man so here's the part where I ju
by cloudjacker 10y ago
> So talk to the CFO about the numbers — when you’re hired, when it’s fundraising time, and any time in between.
Hahahaha, oh man so here's the part where I just dump all my emails about the answers I have gotten back from CFOs over the last decade:
- "common stock shareholders aren't privy to financial details"
- "we don't share that information"
- "I discussed it with the board [consisting of myself] and they decided not to release valuation information"
- "The stock options are just to retain employees!" and other awkward non-sequiturs that are distinctly not a financial statement.
So do ya'll want to unionize or nah, I have a feeling Peter Thiel and Andreesen would totally support it and we already make enough to make union dues negligible.
- guelo 10y agoOne time I had the privilege of getting the CEO's assistant to read me over the phone a prepared high level summary of company financials. She read very quickly and refused to pause or repeat anything.
- deleted 10y ago[deleted]
- JumpCrisscross 10y ago> common stock shareholders aren't privy to financial details Delaware law lets you make a Section 220 request [1] to inspect a corporation's books and records for a proper purpose, e.g. to identify potential buyers and sellers or for investment valuation purposes. [1] http://www.pepperlaw.com/publications/what-every-corporate-counsel-should-know-about-stockholder-inspection-rights-2009-11-17/ http://www.pepperlaw.com/publications/what-every-corporate-c...
- cloudjacker 10y agoThanks! Now is there any trendy company that streamlines this service?
- icebraining 10y ago(Noob here) Don't most startups offer stock options and not actual stock nowadays? Is the owner of options classified as a stockholder under the law?
- MichaelBurge 10y agoEven if not, couldn't you exercise a single option before making your request?
- debaserab2 10y agoNo, I have no interest in being a part of a union and have absolutely no doubt that I can negotiate on behalf of myself better than a giant body responding to the wants of many.
- gaius 10y agoPerhaps a guild might be more to your liking? Until something is done professional VCs will continue to hold undue, exploitative power over engineers due to their flim-flammery.