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Founders write the stock agreements - so pricing, vesting, and voting class are almost always written in their favor
by abofh 3y ago
Founders write the stock agreements - so pricing, vesting, and voting class are almost always written in their favor
- dilyevsky 3y agoYou are clearly misinformed because none of the things you listed are actually different for founders and first employees in an early stage company. Especially pricing…like what? It’s also common to have employee-like vesting for founders these days and investors check for it in dd. Edit: i just remembered that sometimes (rarely) founders are issued “founders preferred” stock which is not actually preferred - just a type of common stock. You can read up on details here - https://mercury.com/blog/podcasts/series-tea/john-bautista https://mercury.com/blog/podcasts/series-tea/john-bautista
- abofh 3y agoYou are either deliberately ignorant, blatantly ignorant or just being ignorant. I have written those agreements, and they stand up in court. Feel free to follow up on knowledge at https://sec.gov https://sec.gov