Adeo Ressi is turning into a kind of paladin for entrepreneurs. The founder of controversial site TheFunded, which lets entrepreneurs anonymously rate venture capitalists, is drawing attention for releasing legal documents he believes will protect start-up founders from the “atrocities of investors.” In particular, he worked with an attorney at law firm Wilson Sonsini to create a template for a new class of stock, called Class F, that gives founders more rights and control over the venture capitalists who invest in them. As VentureBeat asks, if in this environment “plain-vanilla deal terms are being ignored by investors, why would they agree to terms that are even more in the founder’s interest?”….
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By now, many employees are uncomfortably aware that their every keystroke at work, from email on office computers to text messages on company phones, can be monitored legally by their employers.
What employees typically don’t expect is for the company to spy on them while on password-protected sites using nonwork computers. But even that privacy could be in jeopardy.
A case brewing in federal court in New Jersey pits bosses against two employees who were complaining about their workplace on an invite-only discussion group on MySpace.com, a social-networking site owned by News Corp., publisher of The Wall Street Journal. The case tests whether a supervisor who managed to log into the forum — and then fired employees who badmouthed supervisors and customers there — had the right to do so.