7 ms·
Most founder series preferred shares have voting multipliers built-in. The fear of an interloper led takeover based on voting rights is another myth.
by scurvy 11y ago
Most founder series preferred shares have voting multipliers built-in. The fear of an interloper led takeover based on voting rights is another myth.
- joshjkim 11y agohm, but i don't think most founders have founder series preferred. It was getting more popular for a few years but the trend seems to have died down - if you have evidence to the contrary, I'd be curious to see. Mine's anecdotal but not bad: last 20 cap tables with at least 5 you would recognize as "hot" companies, I didnt see one.
- scurvy 11y agoI haven't looked for a few years now. Most of my current data is hearsay. Interesting to see that the trend swung the other way. Thanks!
- manigandham 11y agoMost founders these days get common shares, not preferred.