3 ms·
N/5 + 1 is just plurality. "most" == majority == N/2 + 1 which is it, is it just that VCs want to see that there is a designated leader among the founders, or
by philsnow 13y ago
N/5 + 1 is just plurality.
"most" == majority == N/2 + 1
which is it, is it just that VCs want to see that there is a designated leader among the founders, or do they want the relative amounts of stock to not ever become an issue for the viability of the startup ?
mere plurality is risky, because any of the founders could sell their share to another, creating an ownership crisis where the nominal head of the company has a minority share.
- fphilipe 13y agoThanks for clarifying the semantics :)