Delaware allows for employee shareholders to demand some transparency, but it doesn't apply to options holders.
VCs and Founders should be far more forthcoming to sweat equity participants. Delaware could mandate that too.
I've been on both sides, where leadership gaslights candidates and employees about why their tiny stock grant is so generous, diluted in the best case scenario. And on the other side where leadership is confused why someone with prior financial success would want to be an employee at all since its so obviously shit. That's sad to me that they can put on two faces, and its enabled in a way that securities laws were made to mitigate.
VCs and Founders should be far more forthcoming to sweat equity participants. Delaware could mandate that too.
I've been on both sides, where leadership gaslights candidates and employees about why their tiny stock grant is so generous, diluted in the best case scenario. And on the other side where leadership is confused why someone with prior financial success would want to be an employee at all since its so obviously shit. That's sad to me that they can put on two faces, and its enabled in a way that securities laws were made to mitigate.