3 ms·
They likely were giving her additional grants later in the life of the company upon reaching certain milestones to make up for her dilution at a strike price th
by brianfitz 9y ago
They likely were giving her additional grants later in the life of the company upon reaching certain milestones to make up for her dilution at a strike price that required millions of dollars to exercise. You can get away with founder stock very early on, but at some point, it becomes untenable as the value of the company grows.