3 ms·
1) Anything gained? What about the people, the lessons, and the experience? No new insights about yourself and the world? You didn't have any fun doing it? Didn
by unabst 11y ago
1) Anything gained? What about the people, the lessons, and the experience? No new insights about yourself and the world? You didn't have any fun doing it? Didn't meet your future spouse?
No money no gain, is really a horrible philosophy to live by.
2) If you kept track of what you loaned the company or any assets you bought, then sure, ask for it back. If not, next time keep a tab.
3) You're deciding on an equity split now? You're not really co-founders until you've figured out who owns what %. So it sounds like you didn't even have a company yet. But now you want to claim ownership because you are quitting? That's backwards.
4) No one owes you anything for your time and effort. Just imagine if she tried to bill you for hers.
Entrepreneurs do not get paid by the hour.
If I were you, I'd have a heart to heart and just honestly tell her why you'd like to move on. Entitlement will lead to an argument, but vulnerability hardly ever does. But if you're both butting heads because you both feel entitled then that was probably part of the problem. And seeing you don't have any legal ownership documents, her leverage is as good as yours. Unless you're willing to fight in court, it's a toss up. No one wins. And until you have ownership documents, she can't claim ownership against you, nor can you against her. So you both can walk away with non-exclusive rights to 100%. Why bar each other? If she wants rights, then ask her to buy you out. Come up with a round number, and that's that.