Lorsqu’un travailleur spécialisé en technologie se joint à une société en démarrage, un marché intervient habituellement entre eux, aux termes duquel l’employé accepte de toucher un salaire réduit en échange d’une...more
When a tech worker joins a startup, the two sides usually strike a bargain in which the employee accepts a reduced salary in exchange for an interest in the company’s equity. This bargain is vital to the success of venture...more
In recent months, we have begun to see venture financing rounds that include the negotiation of “pay-to-play” provisions. These provisions have been largely absent in recent years due to the buoyant financing environment....more