@paulg at least the relevance appears immediately, and leaves some of the company for founders. Full ratchet anti-dilution is way worse.
If option pools weren't already a custom, what VC would have the gall to propose such a thing?
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@GregGoodfried I mean option pools as currently implemented in deals-- i.e. that dilute founders but not VCs.
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@paulg there are so many things about fundraising that are no longer relevant... lots of legacy clauses... 'this is standard' prevails a lotThanks. Twitter will use this to make your timeline better. UndoUndo
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@GregGoodfried ditto.
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@paulg I believe when the traitorous eight asked for Fairchild stock for employees, they got called commiesThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg, the VC who is "doing deals" like a PE investor and wants to make a few million more by "redistirubuting" unvested options upon AcqThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg I learned recently that the legal overhead of making more options is trivial. Just in time pools seem like a great idea to be frugalThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg I an pretty sure valuations would get adjusted downward in that case.Thanks. Twitter will use this to make your timeline better. UndoUndo
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