Downsides could be - more risk for founders raising rounds, since its unconventional - increase of tax complexity for both employees and employer - more comple

Downsides could be - more risk for founders raising rounds, since its unconventional - increase of tax complexity for both employees and employer - more complex cap tables and/or processes around converting stocks, since employees are usually owning common stocks, while investors are looking to get new preferred stocks issued for round But I think big vc orgs and especially YC could pioneer / help with new approaches