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
The startup infrastructure landscape is shrinking by one major player as Pulley shuts down and hands its cap table business to Carta. Also on the docket: a South Korean venture dispute over an unhonor…
Today on The Fair Share: The governance crisis at Automattic escalates into a complete board purge, an Australian court freezes a podcast co-founder's coercive one-day buyout ultimatum, and trade cont…
Today on The Fair Share: Administrative debt is catching up with founders at the worst possible moments. Departed co-founders are walking away with permanent equity because nobody triggered the 90-day…
Today on The Fair Share: Matt Mullenweg forcibly reverses his own ouster at Automattic via Slack, a floating warrant formula quietly hands Metaplanet management $220M in excess awards, and a Yale pape…
Today on The Fair Share: the European founder coalition's push for unified equity law hits a wall of national tax sovereignty, while new data on shadow dilution gives early-stage founders a clearer ma…
Unwritten governance rules are failing in public today. Matt Mullenweg's abrupt ouster from Automattic shows the limit of informal founder control, while a new Australian tax draft directly addresses …
We are tracking new legislative moves on two continents today that change how founders hold equity in the companies they build. South Korea is clearing the way for researcher-founders, while a coordin…
Three very different events are testing the limits of founder control today. A South Korean divorce court just handed 35% of a private gaming empire to a founder's ex-spouse. Decart AI's founding team…
The gap between nominal equity and real control is widening in several directions at once today. We are tracking retroactive cofounder titles at a $5.1 billion unicorn, a bootstrapped creator-services…
The record $392 billion in startup funding this year is an illusion for founders outside of AI infrastructure. Today we look at the hard numbers driving non-AI businesses toward alternative models, ex…