Founder's responsibility to protect the value of your team's equity
As a founder, it is YOUR responsibility to protect the value of your team's equity (many employees don't understand or perhaps aren't privy to the all-important details of proposed VC funding terms).
I'm surprised there aren't more lawsuits by startup employees against directors & officers who allow most of a company's exit value to be siphoned-off by onerous VC terms, like liquidity preferences…
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