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I didn't realize that he had gone incommunicado. Regardless, I would still try to reach him from any possible form of communication and talk to him. If he is c
by dtran 16y ago
I didn't realize that he had gone incommunicado. Regardless, I would still try to reach him from any possible form of communication and talk to him.
If he is clearly avoiding you guys while continuing to misspend company money, then I would talk to a lawyer. Did you guys set up any kind of vesting schedule for each of your 20% of the company? It's a fact of startup life that founders will sometimes leave, and vesting schedules help ease the legal mess that ensues.
- NonIdentifiable 16y agoNo vesting schedules, so that makes it all the more hairy from a founder leaving stand-point. At the time we started working with him he was a responsible individual who knew what he was doing. It is only recently that these issues have popped up.
- dennisgorelik 16y agoConsidering that you do NOT have vesting agreement and have serious troubles in communication with one of key founders -- you should consider your company dead. Try to cut losses: dissolve the corporation, distribute the funds, save your time, and start another company with the remaining founders you trust.