The market can influence it though. If the common stock loses 90% of the value due to the bad ownership structure, the founder’s wealth takes a hit and the empl

The market can influence it though. If the common stock loses 90% of the value due to the bad ownership structure, the founder’s wealth takes a hit and the employees will revolt or walk. If an outsider says “I will buy or invest in your company if you give up the special provisions” then money will talk. The reason VCs don’t do this is the companies that become the 1000X outliers generally have the Super-shares.