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From my understanding, you're describing (edit: something like) Series FF (i.e. what Founders Fund issues) there-- the founder's institute stuff has certain additional voting rights attached in additional to liquidity provisions.

From Scott Walker's blog: http://walkercorporatelaw.com/startup-issues/ask-the-attorne... http://venturebeat.com/2010/03/01/ask-the-attorney-what-the-...

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Yes agreed. I focus on FF/starter stock versus series F. I have not seen an early stage startup successfully negotiate series F stock given e.g. supervoting rights.

Later stage companies (see e.g. FB and Google) with strong founders in place can often get a dual class structure with super voting rights later in their life as they prepare to go public and their existing investors/board can get liquidity.

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