Startup employees often do not get treated very well when it comes to stock compensation. New ideas float around occasionally, but lawyers are usually averse to trying new things…
Great piece by Sam Altman. I haven’t read or known much about him, but it’s clear why PaulG picked him to lead YCombinator.
Off late, I’ve been reading a lot about how startup equity & venture capital works. This is a very complicated and important issue, not only for a “fair” financial outcome some years down the line, but also for the organization to setup the right cultural code & set everyone for success.
This is an important topic to think about whether you’re considering joining startups, are an investor, lawyer & specially if you’re an entrepreneur/co-founder. I feel a longer post is due on this topic.