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In many cases the founders have a different type of stock (preferred vs common). In those situations there is no ambiguity about who is a founder. In other cas
by blacksmythe 16y ago
In many cases the founders have a different type of stock (preferred vs common). In those situations there is no ambiguity about who is a founder.
In other cases, the best definition of the founder is if you joined when there was no company.
- jessedhillon 16y agoFounders aren't usually given preferred stock. Preferred stock is for investors, and it gives them preference in liquidation events. It's to protect their investments, especially in the case of a bankruptcy where all assets are liquidated: the investors can pull out their money first.