They typically do, actually. How do you think those initial formation and other legal fees get paid in most companies? And they’re usually working for free for

They typically do, actually. How do you think those initial formation and other legal fees get paid in most companies? And they’re usually working for free for a while (sometimes years) before the company is in a state where it can raise money by selling equity. Put those together, and the founders have frequently put in tens or hundreds of thousands of dollars into a company that was worth precisely $0 when they started.