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In Silicon Valley, every acquihire that zeros out common stock while giving lumpsums + golden handcuffs to the founders is fraud where the victims are employees
by kingkandu 2mo ago
In Silicon Valley, every acquihire that zeros out common stock while giving lumpsums + golden handcuffs to the founders is fraud where the victims are employees without legal protections.
Happens everyday. YC was doing some lip service about addressing this like 10 years ago and never did shit because failed founders and employees are essential fuel for the machine.