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Companies have the right of first refusal and don't like lots of unrelated people on their cap table who only hold a small amount of shares, so don't expect thi
by Eridrus 10y ago
Companies have the right of first refusal and don't like lots of unrelated people on their cap table who only hold a small amount of shares, so don't expect this to work out
- JoshTriplett 10y agoApart from adding complexity to future funding rounds, companies don't like having many different owners of shares because there's an upper bound on number of distinct stockholders above which you're considered a "public" company and have a pile of additional obligations.