TLDR; Toptal started small and took a little funding early on, but now has over $100mm in annual revenue and got there mostly through organic growth rather than

TLDR; Toptal started small and took a little funding early on, but now has over $100mm in annual revenue and got there mostly through organic growth rather than follow on investment rounds. The company seems to be wholly owned by one of the co-founders. The other co-founder, who was in college when the company started, doesn't have an equity stake at all. Presumably he had a salary from day 1. There seems to be some sort of agreement that if the company restructures, he might get equity at some point, but this isn't necessarily going to happen. Founder 2 (no equity) is accused of defrauding the company by misusing funds and hiring his girlfriend at an above market rate. The language of the complaint indicates that he's upset about not having an equity stake.