Today’s Startup Solution is all about private company shareholder voting rights -- when and how they can be set and why they should matter so much to you, in The Case of the Shareholder Shenanigans: https://lnkd.in/gTpG79y4
Kinda wild how board and shareholder roles can lead to completely different decisions even from the same person. Having a solid grip on this can clearly prevent some serious last-minute crises.
Lucie Newcomb
1mo
I appreciate this latest opportunity to learn more about voting rights from you, Heidi Roizen. Thanks for making it a content priority.
Global Head of Research @ Philips (Building + Funding Breakthrough Innovations)
1moI have been patiently awaiting this new season Heidi Roizen As always, filled with pragmatic words of wisdom words...two of my favorite nuggets although there were too many to choose from: "This voting stuff becomes even more complicated in situations where there is a preference stack and different classes or series of shares are going to be treated very differently in an outcome because of those stacked preferences." "When you model out how your shareholders might vote – don’t make the mistake of analyzing this by share class alone. Don’t assume that if B shares will be in the money, they’ll all vote yes, whereas if A shares are out of the money, they’ll all vote no."