Operators said

Hiring & team building

Founders should expect employees to ask what happens to their equity if the company's tech and part of the team are acquired in a licensing deal. Listen

The speaker said investors long ago learned to negotiate protections for unusual exits, but employees never thought to ask. As these deals spread and people switch companies more often, the speaker said founders need to be able to answer what happens to an employee's equity if the tech and some of the team are bought but the company stays behind.

“what happens to my equity if the company's tech and some members of the team get bought”

From 20VC: Cognition vs Factory: Vinod Khosla Creates a Storm | OpenAI Nears $70B Run Rate: Anthropic Under Threat | ElevenLabs Doubles Its Valuation to $22B & Salesforce Buys Listen Labs for $2B.