An angel investor who owns 1% of a company and an employee who is offered 1% of the company are not not not in materially similar positions.
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Investors have a variety of rights w/r/t firm, including information rights. 1% angel prob knows cap table, revenue, impending biz sale, etc
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Angels get preferred stock, often with minor preference. Workers get common. Common worthless in a variety of failure-case liquidity events.
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@patio11 the best way to kill an angel is to stop believing. -
@tenderlove@patio11 every time a bell rings an angel investor gets their wings
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