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codingwagie | 7 months ago

I've commonly seen grants like this diluted to almost zero. I would think carefully and strategically about how you can get some sort of value for the equity you vested. Its probably harder than you think to get decent liquidity on it.

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icedrop|7 months ago

Is it legal to dilute this to zero? Can't you sue post-exit (e.g. Saverin and Facebook)?

ldjkfkdsjnv|7 months ago

It happens all the time, I have seen it in NYC. Usually its an early stage thing, cofounder leaves after 1 year etc. Much harder to do with a complicated cap table. Investors I could name even suggest it

apparent|7 months ago

Suing would only make sense if the dollar value is very high.

tptacek|7 months ago

At a normally-papered startup? Yes. No.