Re:Ask HN: Anyone have stock option horror stories?
by throwaw87 on Thursday March 17, 2022 @02:29AM
(#30708249)
I quit my job to start a company, trusting the legal to my business partner. We exchanged a written egalitarian cap table, but he secretly gave himself >100x more shares than listed. Yet, he called me "co-founder" and wrote that I held the most shares of anyone. In actuality, I vested <0.5%/year. Nearly a year in I found out, causing me to leave after having drained my savings in exchange for almost no equity.
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