2 ms·
is it tho? like i agree if i just took the equity. but if i own a ton of equity and the board wants to clean up the cap table, don't they still need to deal wit
by throwaway-xx 1y ago
is it tho? like i agree if i just took the equity. but if i own a ton of equity and the board wants to clean up the cap table, don't they still need to deal with me by offering me a fair number instead of "just moving own"?
- zanone 1y agoNot sure they need to do anything. Maybe in the interest of smooth sailing, and closing things off, then the board might be motivated to reach a mutually acceptable conclusion. Whether this be a little buyout, an advisor tie-in, etc, completely depends. Situations like this is why founders create equity agreements.