I've personally seen it happen multiple times from inside, it happens all the time.

It happened in the largest medtech acquisition in history (at the time) its Public knowledge.

> personally seen it happen multiple times from inside, it happens all the time

I’m not saying it doesn’t. Just that founders having a separate class of stock is very, very rare.

> happened in the largest medtech acquisition in history (at the time) its Public knowledge

Supervoting stock is absolutely a thing with companies. We’re not talking about that. We’re talking about start-up founders.

Its very common, so common that they call them "founders shares"

That’s not what that term means

Please enlighten us

Founder stock almost always convert to common not preferred. Carta article about it: https://carta.com/learn/startups/equity-management/founder-s...

I recommend researching a topic at least a little bit before going on and commenting on it

This serves my point not yours, the process is often very misunderstood by those being promised the equity, and it's often "converted" in ways that dilutes or outright takes away most of the value by the time the employees ever see financial gains from the equity.

That’s not what happens. Literally TFA covers the term “founders stock”. It really is a meaningless term to refer to common stock held by a founder.

Not a separate class of shares. Almost always, founder shares refer to the magnitude of the grant and the voting-rights agreement attached to it. ("Stock class" is a very specific term.)

Where can I read more about this?