Lindsay Padilla

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Tracy Burman wanted to cut back on her workload to spend more time with her young children. She therefore negotiated two terms with her cofounders. First, rather than be the CEO, as she had been in the past, she would be the COO, reporting to the CEO. Second, she would work 80% of the time that her cofounders would work, receive 80% of the equity stake that she would normally have received, and earn 80% of the other founders’ salaries.
The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup
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