Great article. Precise and still void of legalese. Another way to reason about ownership of a company where two founders have 1 million shares each out of 10 m

Great article. Precise and still void of legalese. Another way to reason about ownership of a company where two founders have 1 million shares each out of 10 million authorized shares goes like this: The company owns the remaining 8 million shares. So when a founder has N% of the issued shares, he indirectly owns N% of the shares owned by the company (remaining authorized shares), bringing his "effective" shares to 1 + 4 = 5 million. 5 out of 10 million shares, so he owns 50% of the company.