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Absolutely no. The best thing he can do is listen and get more information. You can't resolve a dispute without talking, and it only ends up in court if you do
by paulsutter 10y ago
Absolutely no.
The best thing he can do is listen and get more information. You can't resolve a dispute without talking, and it only ends up in court if you don't resolve it. Yes he could ask his new investors for advice, and yes he should have called his lawyer the minute he heard, but the best way to clear things up is to listen to the VCs who are unhappy.
This is a completely different situation from the reason not to "talk it over" with the cops.
- codingdave 10y agoBut this is not a dispute, at least not yet. It is just a one-sided request. They can just talk to their lawyer, ignore it, and wait to see if the VC files a suit. Short of that, there is no obligation to even reply. So why go into potentially dangerous legal territory at all, when you are perfectly in your rights to just discuss it with your lawyers, but then ignore it?
- paulsutter 10y agoThis is a VC who wanted to invest in the last round, not an attacking army. There's no reason to leave the relationship on a sour note.
- zamalek 10y agoThis doesn't make things necessarily more sour. Firstly, given the evidence in the post, it sounds like a BS claim (although only a lawyer would know). Things are already sour. That being said, reaching an amicable arrangement via legal proxy doesn't make the situation sour at all. Getting lawyers involved is not an aggressive action - they are the subject matter experts. Just like you wouldn't have a software architect dealing with relations, you don't put a founder in charge of legalities.