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A comment on Startup Stock Option Changes. Parent comment

Re:Startup Stock Option Changes by rdl on Thursday July 30, 2015 @10:52PM (#9979671)
Is it an absolute upper bound? Is there a legal prohibition against creating derivative instruments (options, contracts secured by issuance of stock, etc.) in excess of authorized-at-time-of-execution?
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Re:Startup Stock Option Changes by nemanja on Thursday July 30, 2015 @11:03PM (#9979702)
in practice, it is set very high to cover all conversions and future capital needs and then some. however, it can be increased if needed, with a sharedholder vote.
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