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51% isn't quite right. For a start, it's really "more than 50%", which is often 50% + 1 share, but in some structures there are different classes of shares with
by onion2k 5y ago
51% isn't quite right. For a start, it's really "more than 50%", which is often 50% + 1 share, but in some structures there are different classes of shares with different voting rights. It's common to have a pool of voting shares that are issued to founders and preferred investors, and then non-voting shares that are issued to everyone else. There can also be shares that confer more than 1 vote to the owner. You really need > 50% of the votes rather than any particular amount of shares.
- vineyardmike 5y ago> 51% isn't quite right. For a start, it's really "more than 50%", which is often 50% + 1 share Most people describe "50% + 1" as 51% even though its not quite right, but everyone understands 51% as a shorthand for "greater than half, not inclusive of half". Eg. a 51% attack on a crypto network is the same way.
- Jugurtha 5y ago>It's common to have a pool of voting shares that are issued to founders and preferred investors, and then non-voting shares that are issued to everyone else. To your point about differences in classes, there may be a class with 10 votes per share, another class with 1 vote per share, and another class with 0 vote per share.
- toomuchtodo 5y agoCommon shares can also have one vote, or more than one but less than individual founder shares, with loss or decline in votes upon transfer.