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+100 And on top of all this, what happens to the voting of this pool, share holder agreements, etc? I can only fathom the shenanigans that can occur. An acquir
by charliemil4 6y ago
+100
And on top of all this, what happens to the voting of this pool, share holder agreements, etc? I can only fathom the shenanigans that can occur. An acquiring firm can press hard on this 1% if they're playing ball.
- geoburke 6y agoThis comes out of the founder's vested shares -- not the company stock -- transferrable only if there's ever an exit event. It's arguably more desirable for investors, the board, and acquirers than if the founder sold shares on the secondary market.