4 ms·
Doesn't YC require an option pool for employees, something along the lines of 15%? If so then the founders only own 79% of the company.
by nolanbrown23 17y ago
Doesn't YC require an option pool for employees, something along the lines of 15%? If so then the founders only own 79% of the company.
- wheels 17y agoWell, options are granted at the discretion of the board and YC doesn't take a board seat. Most companies will incorporate leaving some percentage of their stock unallocated. Founders only "lose" that percentage of their voting rights when they grant options to later people joining the company, which they'd probably do anyway.