Henry Ward, the CEO of eShares, recently published a pretty interesting essay on Medium about what a terrible job most startups do when it comes to keeping track of options and equity grants, and how employees at these companies suffer because of it. I suppose we should not be shocked that when people who have never run companies before, or in some cases have never even had jobs before, are given millions of dollars and charged with handling some rather complicated and arcane finance-related chores, things might go off the rails.
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