3 ms·

If your company is happens to have a board that doesn't include you, you either 1. Already sold your company. 2. Didn't really contribute to its founding.

• tptacek 17y ago
  "Not worth more than being laid-off" would be hyperbolic, but I'd guess that your private company non-preferred shares are worth a lot less than you think they are. I have stories from real, "successful" companies that screwed over everyone not currently on staff on exit. It's not hard to do.
  • codexon 17y ago
    If shares of your company were undersold and you lose controlling interest in the process, that is your own fault. Founders usually have a different class of stock which has more voting rights per value. This is like an employee accepting a $10/hour contract, and then complaining later that it was too low.
    • tptacek 17y ago
      Founders don't usually get preferred stock.
      • codexon 17y ago
        You are correct. I meant to say that founders usually have a different class of stock that has more voting rights, rather than higher liquidation preference in case of bankruptcy.
        • tptacek 17y ago
          Liquidation preferences aren't about bankruptcy.