3 ms·
This type of smoke and mirrors bs is common in tech startups in my experience. The good news is even if the company is unwilling to disclose, Delaware law requi
by narak 9y ago
This type of smoke and mirrors bs is common in tech startups in my experience. The good news is even if the company is unwilling to disclose, Delaware law requires companies incorporated there (most tech startups, even in the Valley) to disclose key cap table numbers to share holders. You can exercise even 1 option to own a share and send the company a letter asking/demanding the info you seek.
https://calcounselgroup.com/business-stockholder/ https://calcounselgroup.com/business-stockholder/
"As a Delaware corporation, all of the company’s stockholders (including minority stockholders) have the right to inspect and make copies of the company’s stock ledger and its books and records upon a written demand to the company. The stockholder’s inspection rights also apply to the company’s subsidiaries. Although Delaware corporate law does not specify the types of books and records that the stockholders may inspect, these rights extend, at a minimum, to the company’s financial records and corporate minute book."