Equity allocation is not about the VC's interests to a first approximation in the same way that getting VC funding is not a marker of success for a company, just a milestone. A founder's double digit percent of a $80 million exit is a good exit. And if each of four founders gets 18% or each gets 14% because there was an additional 16% allocated to equity for hiring doesn't change that qualitatively.
When a company is structured and run primarily for the interests of VC, shared interests have already flown the coop and it's about picking through the bones hoping for some meat.
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Equity allocation is not about the VC's interests to a first approximation in the same way that getting VC funding is not a marker of success for a company, just a milestone. A founder's double digit percent of a $80 million exit is a good exit. And if each of four founders gets 18% or each gets 14% because there was an additional 16% allocated to equity for hiring doesn't change that qualitatively.
When a company is structured and run primarily for the interests of VC, shared interests have already flown the coop and it's about picking through the bones hoping for some meat.