It's obviously not for the $100, that's just a small, round value to make it leg... | Hacker News

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		slashdev on July 13, 2023 \| parent \| context \| favorite \| on: StabilityAI cofounder says CEO tricked him into se... It's obviously not for the $100, that's just a small, round value to make it legal (some money has to change hands, even if just $1.) Likely the CEO explains that it's worth nothing, they're re-organizing things for such and such a purpose, and the 15% stake in the cap tables is an inconvenience preventing a possible deal. Please could you do us a favor and help us clear that from the cap table. I'm the kind of person that would fall for that.

rompic on July 14, 2023 | [–]

Could be a "peppercorn" as described in

https://en.m.wikipedia.org/wiki/Peppercorn_(law)

ikekkdcjkfke on July 14, 2023 | [–]

Oh, I felt that. That's we I need an always on AI assistant game theory optimizer.

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