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Generally VCs won't let you do that and will occasionally make you re-vest shares you'd previously vested as part of a new round of investment.
by swombat 9y ago
Generally VCs won't let you do that and will occasionally make you re-vest shares you'd previously vested as part of a new round of investment.
- pavlov 9y agoRight — I actually missed the "has VC funding" part in the original question. I don't think most VCs would feel great about one founder going behind their backs to get an absolute majority of equity after the funding is already executed. Since the OP is effectively looking to demote his co-founder from the CEO position, he should make sure the VC partner and company board understand what's going on if he takes any action.