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In Silicon Valley, Founders Fight for Control

online.wsj.com

Craig Walker, co-founder and CEO of Firespotter Labs, a technology incubator, said it feels unnatural to bestow so much voting power on one executive. About 14% of the technology firms that have held initial public offerings between January 2011 and the end of June 2012 went public with at least two share classes—more than twice the 6.4%