Comment by padolsey

Is there a story behind the cruel-sounding "Cap table cleanup" heading? It says:

  > You've got early employees, investors, or a co-founder
  > who wants to leave or cash out. You want to swap them
  > for a friendly new face who can add value and help you
  > grow the business.

It feels like they're insinuating that there's usually a painful process in enabling people to cash-out and leave? Is this because of the whole "golden handcuff" thing and the risk of everyone just wanting to leave immediately? To me that's always seemed like a larger problem in how we arrange early equity. Incentives are malformed.