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I don’t know of any other such agreements that allow vested equity to be revoked, as the other person said. That doesn’t sound very vested to me. But we already
by jkaplowitz 2y ago
I don’t know of any other such agreements that allow vested equity to be revoked, as the other person said. That doesn’t sound very vested to me. But we already knew there are a lot of weird aspects to OpenAI’s semi-nonprofit/semi-for-profit approximation of equity.
- blackeyeblitzar 2y agoAs far as I know it’s part of the stock plan for most startups. There’s usually a standard clause that covers this, usually with phrasing that sounds reasonable (like triggering if company policy is violated or is found to have been violated in the past). But it gives the company a lot of power in deciding if that’s the case.