3 ms·
I'm not surprised for a private company. Unless I'm grossly misinformed, it's unusual to give away equity for employees unless you plan on going public.
by Topgamer7 3y ago
I'm not surprised for a private company. Unless I'm grossly misinformed, it's unusual to give away equity for employees unless you plan on going public.
- iancmceachern 3y agoIt's common, it's called an employee owned company. Many founders choose to give their fortune to their employees rather than take it to the grave with them. https://en.m.wikipedia.org/wiki/List_of_employee-owned_companies https://en.m.wikipedia.org/wiki/List_of_employee-owned_compa...
- danpalmer 3y agoI don't know why this was downvoted, this is a good answer. If you're not planning to grow orders of magnitude then it just doesn't mean the same thing. Now for voting control, maybe it makes a bit more sense, and perhaps LMG would do better to be structured as a partnership with multiple voting partners – a structure that works well for some types of small business. That's very different to tech company equity though.