I've literally abandoned my founding dream because of the complication and lack of visibility I was dealing with. This could have been a game changer for me!
Keeps us updated with you work pls
Ready to provide dev assistance
Most terms are pretty standard now. And most of them have good reasons for existing — usually to align the founders and investors. Just because a term is complex and could benefit the investor doesn’t mean it’s meant to mislead.
But, I’m interested in some examples that might shake my opinion about up!
What's interesting is that virtually every word in those docs is there to protect the investors, most at the expense of the founders and other existing shareholders.
Ok, so maybe that sounds obvious. Why would it be otherwise?
Well, take a look at the initial docs when a company is founded. The "market" is for those docs to be as simple as humanly possible. A certificate of incorporation is a page or so. No protections at all for the founders in there, most often.
But when you bring in investors, the market is to lard up that same document with investor protections and no protections for founders.
That's how founders get screwed. It's not that the complications are there to screw founders. It's that the standard forms are built with one party's interests in mind.