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> guessing Stripe has a blocking right on stock transfers Often there's right of first refusal, but blocking rights? Do they actually have that? Is this common
by dataflow 4y ago
> guessing Stripe has a blocking right on stock transfers
Often there's right of first refusal, but blocking rights? Do they actually have that? Is this common? If so, (why) would they need right of first refusal?
- rpearl 4y agoAt least some companies have board approval of transfers. Less common but not exactly weird
- samclearman 4y agoYes, it's common. They'll say that it's because they don't want unapproved investors on their cap table, which I guess is reasonable, but obviously the main reason is "because they can".
- tetranoir 4y agoIt's supposed to prevent hostile takeovers.