http://jeffnolan.com/wp/2008/05/01/craigslist-and-why-contracts-matter/ Jeff Nolan's take on investment, innovation, entrepreneurship and the technology industry Fri, 19 Mar 2010 05:50:28 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://jeffnolan.com/wp/2008/05/01/craigslist-and-why-contracts-matter/comment-page-1/#comment-271981 Deva Hazarika Thu, 01 May 2008 20:34:21 +0000 http://jeffnolan.com/wp/2008/05/01/craigslist-and-why-contracts-matter/#comment-271981 "giving someone equity for symbolic value only" seems so suspect it's really hard to believe from someone who actually goes through the process to set up a corporate entity for their creation. here's what i wrote on techcrunch's post on this yesterday: It’s hard for me to not root for true entrepreneurs like Craig, but the arbitrary issuance of the ROFR “inducement” shares seems almost comical if the way things went down is accurately portrayed in this document. Mainly I just love the fact that this was stated in the legal document: “it nonetheless resolved - with the corporate equivalent of a shrug” so much funnier than some Latin mumbo-jumbo. "giving someone equity for symbolic value only" seems so suspect it's really hard to believe from someone who actually goes through the process to set up a corporate entity for their creation. here's what i wrote on techcrunch's post on this yesterday: It’s hard for me to not root for true entrepreneurs like Craig, but the arbitrary issuance of the ROFR “inducement” shares seems almost comical if the way things went down is accurately portrayed in this document. Mainly I just love the fact that this was stated in the legal document: “it nonetheless resolved – with the corporate equivalent of a shrug” so much funnier than some Latin mumbo-jumbo.

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