employees don't currently have the transparency to make this objective decision. founders and board members are very opaque about this information, the prevale

employees don't currently have the transparency to make this objective decision. founders and board members are very opaque about this information, the prevalence and the covenants of preferred shares. the state of delaware has created greater transparency requirements for securities holders of private companies. fortuantely it is still trendy for companies to incorporate in that state despite the 55+ distinct jurisdictions under the federal umbrella. unfortunately, employees have found themselves in legal battles with their own companies for attempting to leverage these regulations.