The sin in Silicon Valley’s equity model is the lack of voting rights attached to employee shares. Once an ESOP plan has more than 1,000 members (or an employer more than 1,000 employees), the ESOP should—as a class—get a Board seat.
The sin in Silicon Valley’s equity model is the lack of voting rights attached to employee shares. Once an ESOP plan has more than 1,000 members (or an employer more than 1,000 employees), the ESOP should—as a class—get a Board seat.