4 ms·
It is fraud to take advantage of the fact that your employees don't realise their stocks are not the same kind of stock that the VC and the founders have.
by guappa 2y ago
It is fraud to take advantage of the fact that your employees don't realise their stocks are not the same kind of stock that the VC and the founders have.
- __turbobrew__ 2y agomorally, yes legally, no
- SR2Z 2y agoDifferent stock classes SHOULD be illegal. I have yet to hear a single good argument for it that isn't obviously self-serving. And ownership stake in the company should be a simple thing to understand, not some byzantine mess designed to fuck over the engineers.
- guappa 2y agoI don't know where you live but in my country going to some old person and trick them into signing stuff they don't understand is illegal. Banks aren't even allowed to suggest buying high risk stuff.