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By the way, don't necessarily attribute bad intentions to the founders. Many startups do a terrible job keeping track of who executed what, and it's not uncommo
by hnmullany 9y ago
By the way, don't necessarily attribute bad intentions to the founders. Many startups do a terrible job keeping track of who executed what, and it's not uncommon to find cap tables that have significant errors and omissions.
Note that even if your shares are worthless - you can take the tax writeoff, but you do need to get documentation from the company that the common stock had no value so you have something to show the IRS if you're audited.
- justin66 9y ago> Many startups do a terrible job keeping track of who executed what It's not just the startups. The companies that handle the finance side for companies that experience liquidity events are fully capable of screwing up.