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A Comparative Analysis of Start-up Equity-Based Compensation: Does Law Matter?

This study compares local policies and regulations related to equity-based compensation in startups, with a specific focus on early-stage employee participation in equity ownership. We analyze a comprehensive dataset of nearly 3,300 early-stage …

The RSU Timebomb

In the dynamic realm of Silicon Valley, restricted stock units (RSUs) have emerged as a ticking timebomb for employees in private tech companies. These double-trigger RSUs hold the promise of future stock shares contingent upon meeting specific …

Equity Illusions

Equity compensation grants for rank-and-file employees are common among venture-backed start-ups and are considered an ingrained part of their business culture. However, extremely little is known about start-up employee equity holders. This article …

Ousted

Founder-CEOs often wield significant power within corporations through managerial control and shareholder voting rights, utilizing mechanisms like board seat designation and dual-class structures. In the era of 'founder-friendly' governance and tech …

All That Glitters is Not Gold: Conjoint Analysis of Start-up Equity-Based Compensation Arrangements

Venture capital-backed startups heavily rely on equity-based compensation to attract and retain talent. However, since the securities of these companies are not actively traded, it is unclear how much these grants are worth. The disclosure …

The Startup Law of the Startup Nation

Israel is known as the "start-up nation". Israeli start-ups raise billions of dollars in venture capital each year and form the lifeblood of Israel's high-tech economy. However, the ever-growing importance of start-ups in the global and Israeli …

Making Disclosure Work for Start-up Employees

The securities regulation regime has traditionally focused almost exclusively on financial capital investments. However, the widespread and growing practice of providing equity compensation has transformed high-skilled labor from a pure employment …

Beyond Covenants Not to Compete: Equilibrium in High-Tech Startup Labor Markets

The paper examines an understudied aspect in the literature on employee mobility and innovation—the impact of employee stock options on talent allocation. My research reconciles between two schools of thought regarding noncompete agreement by …

The Effect of Specialised Courts over Time

This paper examines the effect of creating a specialised economic court on subsequent litigation rates, forum selection, and court performance. To do so, we utilized a quasi-experimental research design and compared court decisions under two time …