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A comment on Startup Stock Options – Why a Good Deal Has Gone Bad. Parent comment

Re:Startup Stock Options – Why a Good Deal Has Gone Bad by sytelus on Thursday April 11, 2019 @02:45AM (#19631743)
Could you/should you ask founders if they have such unilateral dilution powers? How do you check for this when joining a startup? Should this be explicitly written in the offer letter you get?
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Re:Startup Stock Options – Why a Good Deal Has Gone Bad by kurthr on Thursday April 11, 2019 @01:06PM (#19636715)
In general a majority stock holder(s) can rewrite the rules any way they like. You could have a poison pill written into your offer letter (requiring an immediate payout for certain events), but I don't think any founder/VC would sign it.

But I AM NOT A LAWYER.

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