Daily Archive: October 18, 2020
The US House of Representatives antitrust subcommittee released its findings last week after a year-and-a-half-long investigation of Big Tech companies Google, Apple, Facebook, and Amazon. Right at the beginning of the 400+ page report, the committee didn’t mince words about its findings:
“To put it simply, companies that were once scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.”
Those of us in Silicon Valley who have worked up close with these firms were not surprised to find not only that these companies
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The four-year vesting schedule that the typical startup uses today is a problem waiting to happen. If one founder ends up quitting a year or two before the last cliff, they still own a large share of the cap table through many rounds to come. The departing founder might consider that fair, but the remaining founder(s) are the ones adding on the additional value — and resentment is not the only issue.
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