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
Today on The Fair Share: a Florida jury enforces a handshake partnership against a co-founder who tried to erase it, South Korea moves to institutionalize employee buyouts after a proof case doubled i…
Today on The Fair Share: a Bengaluru tribunal's procedural ruling turns a co-founder's dilution from 17% to 1.5% into a legal dead end, and the $140 million Firmus Technologies settlement unravels in …
As cap table software consolidates around a few dominant platforms, the legal frameworks governing that equity are fragmenting across borders. We are watching Canada and Israel race to match US tax in…
The Delaware Supreme Court is stepping in to review the boundaries of founder control, following Vice Chancellor Laster's freeze on Cloudflare's recapitalization earlier this week. We're also tracking…
On the cap table today: the consequences of poorly designed equity are moving from theoretical risks to live court judgments, with a Florida trial testing a handshake cannabis deal and an Australian r…
Today on The Fair Share: as we continue tracking the pushback on founder control, a Delaware judge freezes Cloudflare's recapitalization on credibility grounds and pension funds challenge Anthropic's …
When you strip away the handshake agreements, ownership outcomes are dictated entirely by the underlying legal text. We are seeing that play out across the board today, from a South African founder le…
Neo Residency is testing a structural inversion of the standard accelerator deal, floating its ownership stake against your next valuation rather than locking it in at entry. We are also looking at HM…
A Georgia appeals court just ruled that four years of CTO-level work and a 30% profit-split letter of intent add up to exactly zero equity, establishing a hard legal line for undocumented cofounders. …
As the week closes, we're tracking a string of reminders that equity design is never just a formation-stage formality — it's the document that determines who actually keeps what when things get compli…