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But if Kyle incorporated Cruise before being introduced to Jeremy as stated in the complaint, how can Jeremy claim to own stock in a company incorporated withou
by DavidWanjiru 10y ago
But if Kyle incorporated Cruise before being introduced to Jeremy as stated in the complaint, how can Jeremy claim to own stock in a company incorporated without his knowledge, and incorporated before he even knew the incorporator, unless such stock was issued to him explicitly? Like, if I went and discussed some search stuff with Google, does that give me a share in Google stock? Even if I gave Google some groundbreaking ideas/techniques for the next frontier in search that makes them bazillions, the most I can claim is they stole my idea, not that I own part of the stock. Am I right?
- HappyTypist 10y agoI suspect there may have been recorded verbal agreements like emails or texts saying "We will split equity evenly" that may not stand up under a court test, but may have possible merit to disrupt the takeover.
- Retric 10y agoHis name was on the YC application. YC requires each founder to have 10% of the company. Barring any other written agreements this is clear written evidence he had a significant share at that point.