Don't join your accountant's book of Cautionary Legal Tales We Tell To Scare Young Founders Into Filing Elections In A Timely Fashion.
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You have a budget for innovation and a budget for risk in your company. Allocate those budgets carefully.
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There are better places to spend founder brainsweat and spend risk than on the micromechanics of how your company does equity.
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The successful outcome for innovating on known-to-work equity structures is "Great we didn't bankrupt everyone and kill the company."
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It's generally a better idea to innovate on the product, marketing strategy, your approach to sales, hiring, etc you have lots of choices.
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