> It’s possible that the terms are so favorable for creators that their shadow equity is as good as actual ownership. It’s equally possible, however, that the s

> It’s possible that the terms are so favorable for creators that their shadow equity is as good as actual ownership. It’s equally possible, however, that the system was set up in order to keep any meaningful power away from the creators. I very much suspect the latter. Otherwise why be so circuitous and secretive about it. I've never heard of shadow equity before. But clearly it isn't equity, ie it isn't ownership. So it almost certainly has no governance rights. Now it may entitle the creators to 50% in the event of a sale, but who's to say it's Nebula that's sold, vs Standard, and who's to say it's sold at all. Rather the standard (excuse the pun) approach of selling off the assets without selling the company.