>Each additional major shareholder is a required signature on documents ... You can structure your corporation in many ways. If the old co-founders were cool e

>Each additional major shareholder is a required signature on documents ... You can structure your corporation in many ways. If the old co-founders were cool enough to give up their shares, they would be cool enough to, say, give the current founders proxy rights. >"Why aren't they with you any longer?" It's a 3 second answer if it actually comes up (and it wouldn't). Lots start-ups have "lingering" shareholders/founders who may or may not be part of the company. It just isn't a big deal.