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In the scenario that you describe, you muddied the waters of Junicorn without properly cleaning up your mess during the breakup. That opens you up to claims lik
by nihonde 10y ago
In the scenario that you describe, you muddied the waters of Junicorn without properly cleaning up your mess during the breakup. That opens you up to claims like these, which is probably why this happened at Cruise. As soon as you have an adverse relationship to a business partner, it's time to cut bait, get releases signed, or do something completely unrelated.
- vonklaus 10y agocorrect. The reason I believe that this was shitty was timing. The lawsuit coincided with the GM deal by all public accounts. Regardless of the legal structure, this was a shitty thing to do. Clearly, he cofounded Cruise and probably did contribute at least to the zeitgeist of the project. Obviously, a cliff is standard for founders and kyle (based on the application) had posted a personal 100k convertible note. so if he fired Jeremy, that's fine. Jeremy probably would be entitled to something, and it should have been spelled out. However claiming 50% 2 years later to coincide with a 1B exit, seems fucked up. The approach to this, is what I have issues with.