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> we were served a demand letter Your cofounder isn't suing you yet so don't panic. They're playing the intimidation game to get what they want. > We're now c
by tylercubell 11y ago
> we were served a demand letter
Your cofounder isn't suing you yet so don't panic. They're playing the intimidation game to get what they want.
> We're now completely stuck.
No, you're not. You're in a negotiation and you need to show strength.
> Our lawyers say it would cost $150,000 to fight this in court and would take 18 months.
Try to see if the other side would agree to non-binding mediation to try to resolve the issue before bringing it to court.
> We don't have that kind of money or time to spare.
Does the other side? Does your cofounder really want to bankrupt the company in order to get equity worth zippo?
> I've given up my entire personal life for this company.
> Would you walk?
You already knew the answer before you asked the question.