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I've personally seen it happen multiple times from inside, it happens all the time. It happened in the largest medtech acquisition in history (at the time) it
by iancmceachern 2y ago
I've personally seen it happen multiple times from inside, it happens all the time.
It happened in the largest medtech acquisition in history (at the time) its Public knowledge.
- Seattle3503 2y agoWhere can I read more about this?
- iancmceachern 2y agohttps://www.therobotreport.com/jj-must-face-lawsuit-auris-health-acquisition/ https://www.therobotreport.com/jj-must-face-lawsuit-auris-he...
- JumpCrisscross 2y ago> personally seen it happen multiple times from inside, it happens all the time I’m not saying it doesn’t. Just that founders having a separate class of stock is very, very rare. > happened in the largest medtech acquisition in history (at the time) its Public knowledge Supervoting stock is absolutely a thing with companies. We’re not talking about that. We’re talking about start-up founders.
- iancmceachern 2y agoIts very common, so common that they call them "founders shares"
- dilyevsky 2y agoThat’s not what that term means
- iancmceachern 2y agoPlease enlighten us
- dilyevsky 2y agoFounder stock almost always convert to common not preferred. Carta article about it: https://carta.com/learn/startups/equity-management/founder-shares/ https://carta.com/learn/startups/equity-management/founder-s... I recommend researching a topic at least a little bit before going on and commenting on it
- iancmceachern 2y agoThis serves my point not yours, the process is often very misunderstood by those being promised the equity, and it's often "converted" in ways that dilutes or outright takes away most of the value by the time the employees ever see financial gains from the equity.
- dcow 2y agoThat’s not what happens. Literally TFA covers the term “founders stock”. It really is a meaningless term to refer to common stock held by a founder.
- JumpCrisscross 2y agoNot a separate class of shares. Almost always, founder shares refer to the magnitude of the grant and the voting-rights agreement attached to it. ("Stock class" is a very specific term.)