Sidestepping the question of privilege for the moment, founder equity splits also reflect sort of the maximum point on the negotiating leverage spectrum of “You can agree to my demands or you can cease to exist; your call.” Early employees take a lot of risk but can’t do that.https://twitter.com/mattwensing/status/1056295517561540611 …
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Right. I'm just thinking about principal-agent issues. I'm not worried about VCs, but employee-shareholders probably systematically lose out due to founder-controlling-shareholders being generous towards themselves with corporate wealth.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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