> especially once lawyers, VCs, and other business people get into the mix.
This is unfortunately true, since the VCs are only interested in the forward-looking value of the enterprise. They would prefer to dilute other shareholders (including founders — and especially former founders) to maximize future fundraising. And lawyers, of course, are happy to tell the VCs how to do this, regardless of what protections were put in place initially.
This is unfortunately true, since the VCs are only interested in the forward-looking value of the enterprise. They would prefer to dilute other shareholders (including founders — and especially former founders) to maximize future fundraising. And lawyers, of course, are happy to tell the VCs how to do this, regardless of what protections were put in place initially.