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It looks like founders and VCs get the majority voting shares by default. It's not clear if it's good for the company or not, but it helps founders to pick it a
by xiphias2 8y ago
It looks like founders and VCs get the majority voting shares by default. It's not clear if it's good for the company or not, but it helps founders to pick it as the stock exchange to go to.
The slow vesting shedule makes a lot of sense though.
- carlosdp 8y agoWhich it should be noted happens in practice a lot with tech companies hitting exchanges already, so it's not a huge change from the norm.
- dmak 8y agoWhere did you read about the slow vesting schedule
- xiphias2 8y agohttps://www.cnbc.com/2019/05/10/sec-approves-new-silicon-valley-stock-exchange-backed-by-marc-andreessen-other-tech-heavyweights.html https://www.cnbc.com/2019/05/10/sec-approves-new-silicon-val... The interview with Eric Ries is a bit clearer than the article, but it still misses a lot of details.