Kelly: Ginkgo gives 10x super-voting shares to all active employees
Jason Kelly · No Priors Ep. 34 | With Ginkgo Bioworks Co-Founder and CEO Jason Kelly · Sep 28, 2023 · at 29:32
Ginkgo Bioworks CEO Jason Kelly explains the company's public company governance structure and how it distributes super-voting shares to prevent outside capital from sole control.
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“At Ginkgo, we took this Silicon Valley idea of founder super voting shares and extended it to the entire employee base. So it's not just us, anyone who's at the company, and it goes away if you leave, ah, gets 10 X voting for their B shares versus the A shares, which have one X voting. And so the way the math works is that the employees own more than 9.1% collectively, you multiply that by 10, and it outvotes the remainder.”
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