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
Post-acquisition disputes are setting expensive new precedents in Delaware today, with a buyer winning a rare $7.3 million damages award over fabricated earnout metrics. We also examine the paralyzing…
When early handshake agreements are outgrown by the underlying business, the ensuing breakdowns look remarkably similar across industries. Today's edition examines three distinct governance disputes โ…
Documented agreements are doing more structural work than ever today, with three separate jurisdictions updating the rules on how equity gets taxed, who counts as a limited partner, and what foreign f…
A San Francisco venture firm is abandoning perpetual pro-rata rights today, explicitly citing a high-profile lawsuit we covered this weekend. Plus: an internal tax contradiction surfaces in Israel's Q…
Today on The Fair Share: a nuclear startup's $6 billion valuation forces a fight over pro-rata rights we started tracking yesterday, the UK sets a hard date to rewrite its non-compete rules, and Harva…
We are tracking a widening gap between paper equity and realized cash across the cap table today. Italian venture clauses and Indian tax deferrals are quietly dictating what startup shares are actuall…
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…