4 ms·

Get equity or get out - make the promises binding.

• joshmanders 11y ago
  First off, I made the decision to go for equity last time place I worked. That does not always equate to being a founder. I was the only non-founder with equity and when I was fired (for being burnt out but that's another story) I lost in the end. On top of that, being the only technical person and have full control over everything, including domains, hosting, code, etc. It's not really like I can be forced out.
  • cookiecaper 11y ago
    It is like you can be forced out. Get a binding legal agreement.
  • mod 11y ago
    Yes you can. You were paid for those things. You can't hold them ransom.
  • beeboop 11y ago
    >I'm pretty positive I'm in full control of this company That you don't know pretty much guarantees you have zero legal control. I assume the corporate entity is not in your name. Domains, hosting, etc are all very easily gotten from you by a single letter from a lawyer. You will likely hire your own lawyer, and you'll essentially be paying him to tell that you have to cough up, because you'll lose in court, in addition to tens of thousands of dollars and a ruined reputation.
  • mikeklaas 11y ago
    Oh dear, you're fucked.
  • brobinson 11y ago
    >being the only technical person and have full control over everything, including domains, hosting, code, etc. Holding this stuff hostage would not work out well and should not be considered a contingency plan.