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> The first is a founder pledge that they will do everything in their power to let common holders sell into secondary markets above a certain valuation And tha
by CodeMage 11y ago
> The first is a founder pledge that they will do everything in their power to let common holders sell into secondary markets above a certain valuation
And that is where any company, big or small, would lose me. I've been burned too many times by all kinds of people -- from co-worker to VP -- promising to do "everything in their power" to do this or that. Weasel words like those are worth nothing at all.
- numbsafari 11y agoAgreed. If "everything in their power" doesn't extend to writing it into the contract, then they are already lying to you.