3 ms·

This is a very strange idea. You start a company and you're arm's length to enjoy the benefit?

• ThrustVectoring 10y ago
  Game theory is strange. Gaining an option to do something can be negative value, because it affects what other people expect you to do in future situations (and because other people now have an incentive to coerce you into exercising that option). Given that I don't want to screw over my employees, I'd rather have legal structures set up so that I can't. Furthermore, I'd prefer this system to be extraordinarily obvious, so that it's clear to everyone that I've committed myself to a course of action. Like, how you win a game of chicken is by removing the steering wheel from your car, waving it out the window, and yelling that you can't turn away. You'd don't keep the ability to swerve just because you might think you'll need it.
  • dlubarov 10y ago
    Couldn't the founders just give themselves common stock with similar terms (including non-transferability) as employees' RSUs? I don't see the need for a trust.
• RangerScience 10y ago
  I think the weird metaphor is that by being at arms length, you can fit a lot more people in the group hug, and that's good for attracting (and retaining) top talent.