Also sort of true. @bretpiatt nailed the administrative side, but @macspoofing you are right in that we also wanted to free up equity to attract talent. It made more sense that the first equity to be set aside for employees shouldn't dilute active founders and investors if possible.
>It made more sense that the first equity to be set aside for employees shouldn't dilute active founders and investors if possible.
It doesn't dilute investors. It dilutes you.
I'm not as understanding of your motives as others may be. You're lucky the other founders were really cool. The reality is that Ariel and Anton took on risk by being in the startup originally, and presumably put in a lot of work and effort towards your company - so it's completely fair and reasonable that they have something to show for it - no? Whether or not the current product looks like the original is immaterial.
