4 ms·
I don't think it prevents dilution. Hard to believe investors would agree to a scheme where new rounds pay a % fee directly to employees.
by srtjstjsj 6y ago
I don't think it prevents dilution. Hard to believe investors would agree to a scheme where new rounds pay a % fee directly to employees.
- roflc0ptic 6y agoIt doesn't. It's basically still monopoly money. According to the org, they've had 3 or 4 rounds of financing, and each time they've taken on new funding they've distributed new shares to offset the dilution. This isn't policy they've committed to, just something they've opted to do.