Some startup founders are building up protections, including implementing supervoting shares or dual-class shares, to avoid getting ousted like Sam Altman
Corrie Driebusch / Wall Street Journal :
WeWork announces sweeping corporate governance changes in amended S-1; sources: WeWork is now seeking a valuation as low as $10B to $12B in its IPO
Supervoting shares (for Adam Neumann and others) are now 10 votes, not 20 — Rebekah, his wife and WeWork cofounder, no longer has role in picking his successor — they'll add independent board member h...
WeWork files to raise $1B in an IPO, reports a $904M net loss on around $1.5B in revenue for first half of 2019
WeWork parent The We Company is about to achieve … Stephen Gandel / CBS News : WeWork IPO filing shows it's losing nearly $5,200 per customer Chris O'Brien / VentureBeat : WeWork IPO filing hypes tran...
Sources: Lyft plans to list its IPO shares on Nasdaq around the end of March and is expected to make its IPO filing public as early as next week
The ride-hailing company is expected to make its IPO filing public as early as next week. — Lyft Founders to Tighten Grip With Supervoting Shares
US tech founders are increasingly wresting control from VC backers and extracting huge pay packages tied to going public compared to their non-tech peers
Wall Street Journal : Tweets: @shiraovide , @mims , @rolfewinkler , @felixsalmon , @rolfewinkler , and @rolfewinkler Tweets: Shira Ovide / @shiraovide : Tough board room discussion: “How much should ...
New Snap Inc. charter filing shows co-founders Evan Spiegel and Bobby Murphy will retain control of the company after IPO via new class of supervoting shares
Alfred Lee / The Information :
New Snap Inc. charter filing shows co-founders Evan Spiegel and Bobby Murphy will retain control of the company after IPO via new class of supervoting shares
Alfred Lee / The Information :