[pragmacoders]

Startups don't tend to be fans of tying their own hands in terms of what they can do with stock.

To be fair - investors are also not fans of that. Potential investors will look at how shares and stock options are distributed and determine if it will allow them the flexibility they need in future fundraising/buyout efforts.

To go against this (investor interest and personal flexibility) founders would both have to have strong conviction and KNOW they won't need to rely on pleasing VCs in the future, for the company to survive.

This goes against how startups are currently built.