Re:Jeremy Guillory's Counter-Complaint against Cruise Automa...
by CPLX on Friday April 15, 2016 @08:35AM
(#11503753)
> The YC application isn't a legal document
Of course it is. All documents are legal documents.
Re:Jeremy Guillory's Counter-Complaint against Cruise Automa...
by robbiemitchell on Friday April 15, 2016 @08:28AM
(#11503722)
Email isn't a legal document, either, but putting things in writing, or even saying them, can change the shape of a legal negotiation.
And (my guess) is that the real reason they care about the split is that they're looking for red flags. i.e. is the cap table already messy with lots of people on it? Is the split NOT 50/50 signalling the founders don't consider each other equals which is a bad sign, etc.