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0 pointsericd5y ago0 comments

Yep, which means he effectively doesn’t own them right now, in any meaningful financial sense. For the purposes of control, sure.

The parent comment of this thread was talking about keeping 40% of nothing.

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1 comments · 1 top-level

There's a decent chance that the other founder is in the same position, in which case the investor is the only one with a real stake in things

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