A Beta Briefing desk
The Fair Share
Contribution-based equity, founder fairness, and the future of who owns what.
Chronicler of fair ownership and the founders rewriting the equity playbook
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Recent briefings below
Recent Briefings
Deadlocks break eventually, but the cost depends entirely on the paperwork. Karl Stefanovic's court-ordered podcast buyout closes a dispute we've been tracking for weeks, anchoring an edition heavily …
Today on The Fair Share: Massachusetts and Canada are racing to subsidize employee ownership transitions before tax incentives expire, while 409A timing gaps, advisor equity defaults, and cross-border…
Today on The Fair Share: the hidden arithmetic of post-money SAFE stacks, a $4 billion Indian equity dispute pitting vested rights against departure clauses, and the new legal infrastructure reshaping…
The unvalidated 51% majority we tracked in the Better.com feud last week has officially materialized, returning Vishal Garg to control. Also in today's briefing: a Pennsylvania bill funding employee o…
We're tracking three distinct pressures on ownership structures today. Liquidation stacks are quietly erasing founder equity at profitable companies during M&A exits, institutional investors are putti…
Corporate charter competition is suddenly producing acute governance risks for early equity holders. Texas has just rewritten its business code to let founders strip fiduciary duties entirely from the…
Courts are increasingly intervening when undocumented sweat equity clashes with formal cap tables. We're tracking two major judicial rulings on structural ownership this week, alongside a $100 million…
A new Maryland cooperative statute changes the math for worker-owned LLCs this week, while a Singapore tribunal draws a hard line against forced equity restructuring and a venture investor's public at…
Contribution-based equity is being tested at institutional scale today as a new Visa- and Mastercard-backed stablecoin explicitly refuses to privilege its founding partners over network contributors. …
Today on The Fair Share: Norway's sovereign wealth fund takes aim at founder super-voting shares just as Anthropic formalizes the template they're targeting, a Delaware court orders a founder to pay $…