2 ms·
I don't think it's uncommon but it's a bad smell you have not, together, agreed to this scenario beforehand when they put in the money. Like, in your operating
by andymoe 9y ago
I don't think it's uncommon but it's a bad smell you have not, together, agreed to this scenario beforehand when they put in the money. Like, in your operating agreement. You have one of those right..? Usually, there is something in there about how founders can loan money to the business but that's worked out ahead of time or when the loan is made.
Founder disagreement is real high on the list of why companies fail and this is a good test to see if Y'all can hash it out. I also think you all way overvalued the cash contribution.