It’s been a while but I think I remember who I negotiated with and it wasn’t Lincoln (or Drew, the other co-founder). I find it pretty plausible that person had the authority to make changes to my agreement without running them by the founders, but would not have had the authority to change the default. So it’s entirely possible multiple people pushed back but it never reached the conscious attention of the founders.
And it may not have even come up that often. I think I am several sigmas out in my willingness to read legal paperwork, push back, and walk away from severance payments, so you’d need a large sample to have it come up frequently. Wave probably hasn’t laid off or fired that many people with severance, and presumably the founders were less likely to hear about pushback as the company grew.
So it just seems really likely to me that Wave didn’t invest its limited energy in writing its own severance agreement, and the situation didn’t have enough feedback loops to make people with decision-making power question that.
It’s been a while but I think I remember who I negotiated with and it wasn’t Lincoln (or Drew, the other co-founder). I find it pretty plausible that person had the authority to make changes to my agreement without running them by the founders, but would not have had the authority to change the default. So it’s entirely possible multiple people pushed back but it never reached the conscious attention of the founders.
And it may not have even come up that often. I think I am several sigmas out in my willingness to read legal paperwork, push back, and walk away from severance payments, so you’d need a large sample to have it come up frequently. Wave probably hasn’t laid off or fired that many people with severance, and presumably the founders were less likely to hear about pushback as the company grew.
So it just seems really likely to me that Wave didn’t invest its limited energy in writing its own severance agreement, and the situation didn’t have enough feedback loops to make people with decision-making power question that.