Why Startup Founders Are Swapping Equity With Other Founders

Equity swaps are a supportive way for cash-strapped founders to bet on mutual success

Photo: Ana Maria Serrano/Getty Images

When Jack Abraham was 19 years old, he and Wharton School classmates Nat Turner and Zach Weinberg rented out a residential loft space they turned into an office in Northern Liberties, a gritty, industrial neighborhood in…