Tag: Startup governance
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Musk Opens Trial Door in OpenAI For-Profit Conversion Case
Overview: A High-Stakes Tech Litigation A US judge has ruled that Elon Musk’s lawsuit against OpenAI can proceed to trial. The decision marks a significant step in a high-profile dispute that pits the world’s richest man, who co-founded the AI nonprofit startup, against the company he helped build alongside Sam Altman and other executives. The…
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Unacademy Slashes ESOP Exercise Window to 30 Days for Ex-Employees
Unacademy Tightens ESOP Exercise Window for Former Employees In a move signaling tighter control over its equity compensation, Unacademy has reduced the window for ex-employees to exercise vested employee stock options (ESOPs) to 30 days. The Bengaluru-based education technology company previously allowed departing staffers to exercise their ESOPs over a far longer period, with some…
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ET Startup Awards 2025: Peyush Bansal Defends Lenskart IPO Valuation, Says Criticism Isn’t Always Negative
What sparked the debate around Lenskart’s IPO valuation? The chatter around Lenskart’s planned IPO has spilled from financial circles into the mainstream, turning the startup’s valuation into a trending topic. With a reported valuation around Rs 70,000 crores, the eyewear retailer has faced a flood of social media commentary, market punditry, and investor questions. In…