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by mbesto 268 days ago
Clean cap table and she probably provided a decent amount of the funding for the first startup. It's also more than likely a tax thing here. I don't think people ought to get too obsessed with the contractual details on this one.
1 comments

If she has any investors with preferences, she probably isn’t seeing a dime.
There are lots of ways to see dimes in these scenarios like signing bonuses or bonuses for closing the funding or selling shares into the new funding. Also she already has more dimes than this failed attempt can bring so it isn't as big of an impact as it would be to someone with nothing.
What does a "a tax thing" mean then?
She has a lot of dimes already