4 ms·
that is not true. my options have NOTHING to do with additional funding, but with converting the corporate structure of the company - which Taso, CEO, said he
by diekhead 7y ago
that is not true. my options have NOTHING to do with additional funding, but with converting the corporate structure of the company - which Taso, CEO, said he would do, multiple times, back then - he's not changing his tune.
- staticautomatic 7y agoThanks for chiming in. It sounds like the article may have conflated the investor and employee deals. To be fair, the conversion to a corporation usually happens at the same time as raising the next round. So, it sounds like the deal with the employees was simply that you'd get the equity if and when the LLC converted to a corporation. Notwithstanding whatever other representations were made, was there anything in the equity offer that would trigger/force the conversion to happen? In other words, was there any kind of guarantee that the conversion would definitely happen?