Re:Ask HN: How much equity do seed stage startups give?
by hellocs1 on Sunday August 25, 2019 @02:05AM
(#20791603)
Could they dilute people like that? From 5% to 0.5%? That dilutes everyone else as well though, right (I guess the new shares can be given to the founders so they aren't diluted).
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Re:Ask HN: How much equity do seed stage startups give?
by quaquaqua1 on Sunday August 25, 2019 @12:53PM
(#20793971)
Exactly, yes. Founders can give themselves 1,000,000 shares to prevent dilution while giving previous equity holders 0.
It's quite an interesting deception if it isn't explained transparently!