Founder's responsibility to protect the value of your team's equity

[mgav]

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…