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Illiquid founders are, generally speaking, majority shareholders. Hard to argue they are not looking out for shareholder interests.
by boucher 12y ago
Illiquid founders are, generally speaking, majority shareholders. Hard to argue they are not looking out for shareholder interests.
- tptacek 12y agoThat doesn't change the fact that pushes for early exits can screw over both the investors --- who put real money into the company based on a promise that the founders would work for their interests --- and employees, who will receive a pittance compared to founders in most early exits.
- SamReidHughes 12y agoThe marginal utility of a million dollars is a lot more to them than the other investors.