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No, it would've hit everyone. That 1% would be dilutive to all shareholders unless he specifically carved it out of his share.
by drumdance 15y ago
No, it would've hit everyone. That 1% would be dilutive to all shareholders unless he specifically carved it out of his share.
- _delirium 15y agoSince they're asking early-stage startups to donate 1%, I assume they're going to get the approval of all the shareholders. In that case, it's equivalent to each of the them donating a portion of their shares. If it's diluting shareholders who don't approve of the donation, then I agree that's different.
- indiekid 15y agoThat's actually not true. The way this is structured, it's the founder's stock that they're actually giving up. They're diluting themselves.