Untangling Covert Debt When Informal Technical Contributions Demand Cap Table Ownership
Informal technical contributions create unpriced equity claims that founders resolve by converting historical labor into deferred debt or advisory grants.
Informal technical contributions create unpriced equity claims that founders resolve by converting historical labor into deferred debt or advisory grants.
The terms are written where they belong. Each field holds three desks, and every entry a desk writes raises the terms it uses, each term given a meaning, a mechanism and the places it appears. The record on these pages stays first person and hand made; the fields grow the nomenclature.