The Fiduciary Duties of Founders - Silicon Hills Lawyer
TL;DR Nutshell: The moment someone is added to a startup’s cap table, founders (as majority stockholders, directors, and officers) becomes fiduciaries of that stockholder. This means that, regardless of how much control founders may have over a company, corporate governance law draws a hard line on how that control can be used. Crossing that line can result […]
posted in Board of Directors , Equity , Ethics , Founders , Funding , Startup Lawyers , Venture Capital on January 13, 2016 by ancerj TL;DR Nutshell : The moment someone is added to a startup’s cap table, founders (as majority stockholders, directors, and officers) becomes fiduciaries of that stockholder. This means that, regardless of how much control founders may have over a company, corporate governance law draws a hard line on how that control can be used. Crossing that line can result in a lawsuit. This is one of those “core concepts” posts that, to lawyers and professio
related reading
- No Rivals: The Prophet (Part I)generalist.com
- A student's guide to VClindatong.substack.com
- .:: Phrack Magazine ::.phrack.org
- Delaware Code Onlinedelcode.delaware.gov
- Relationships and Power in Startup Ecosystems - Silicon Hills Lawyersiliconhillslawyer.com
- Venture Science — The Odin Research Directoryresearch.joinodin.com
- Chia cổ phần giữa các co-founders sao cho hợp lý?thinkzone.vn
- stocks.pbworks.com/f/Intro+to+Stock+and+Options.pdfstocks.pbworks.com
- Peter Thiel’s CS183: Startup - Class 18 Notes...blakemasters.tumblr.com
- Venture Capital Red Flag Checklist - Above the CrowdAbove the Crowd | By Bill Gurleyabovethecrowd.com
- The Gospel of Founders Fundgeneralist.com
- Founders Fund: The Disciplesgeneralist.com