Cap Chart
topic on 1 show · 1 statements across 1 episodes
1 statements about Cap Chart, every show
Gurley: Compounding IPO ratchets misalign cap tables against employees and early investors
“Now, the reason I hate these things is they create misalignment. So you have a bunch of investors on a cap chart and now they have differing incentives. The later stage investors that wrote this compounding ratchet term I actually want the IPO to be as low as …”