Shareholder Value

An analysis of the difference between shareholders and stakeholders, detailing the various groups that hold influence over a startup and the founder’s role in balancing their often conflicting needs.

Fiduciary duty is the legal obligation to act in the best interest of the company. This article defines the duties of care and loyalty and explains how they bind founders and board members.

An overview of how investors purchase shares from existing shareholders rather than the company, distinct from primary fundraising rounds, and what this means for founder and employee liquidity.