> anyone can do anything at any time. This is largely true at any smaller seed maturity or even Series A maturity. As a sibling commenter mentioned, companies

> anyone can do anything at any time. This is largely true at any smaller seed maturity or even Series A maturity. As a sibling commenter mentioned, companies do have a fiduciary duty. But realistically, if the shareholders are composed of relatively unsophisticated investors/employees, you can do anything without being sued. I obviously don’t subscribe to this kind of behavior at my own company, but being in the position it has opened my eyes the extent to which one could go if you were very greedy.