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That's pretty much exactly what another friend of mine said. I was really excited about our future, and then they did this to me and it of course you can't rea

That's pretty much exactly what another friend of mine said. I was really excited about our future, and then they did this to me and it of course you can't really take this kind of action back. Really regretting not asking before signing for that clause you mentioned. The other 2 co-founders were always closer, so I could of anticipated this better. Unfortunately for trying to get one agreement - they 6+ months out until they raise and they want me out now.

trcollinson 8y ago
I'd suggest getting a good attorney to take a look at your current agreement (if you'd like, email me at username over at gmail, I have a good one). From what you have said so far, I would suggest to you that the fact that "they are 6+ months out until they raise and they want you out now" is their problem, not yours. If they fire you now, without cause, don't sign anything and keep the negotiation documents as proof that there is no cause. You keep your current stock and most importantly, your voting rights. Go find another job while you settle this whole matter. Talk to a lawyer and start to negotiate for what you want, not what will help them. If they don't fire you, tell them what you want and see if they will give it to you. Let them know you are willing to align your goals with theirs but that you want to be appropriately compensated for your prior risk. Keep it pretty business like. If you get into a sticky situation, don't be ashamed to call in the attorneys to help. It's what they are there for.
- charlesdm 8y ago
  Agree with this. DO NOT SIGN AWAY YOUR STOCK, even if they fire you. And talk to a lawyer. In fact, I wouldn't even communicate with them anymore past the initial stage without going through a lawyer (i.e. let him communicate for you). I also wouldn't quit, unless they fired me. Depending on the jurisdiction you are in, and the equity percentage you own, you might have certain rights they can't ignore (or you could enforce / make their life hell). Investors generally don't like a murky balance sheet.

trcollinson 8y ago

I'd suggest getting a good attorney to take a look at your current agreement (if you'd like, email me at username over at gmail, I have a good one). From what you have said so far, I would suggest to you that the fact that "they are 6+ months out until they raise and they want you out now" is their problem, not yours. If they fire you now, without cause, don't sign anything and keep the negotiation documents as proof that there is no cause. You keep your current stock and most importantly, your voting rights. Go find another job while you settle this whole matter. Talk to a lawyer and start to negotiate for what you want, not what will help them. If they don't fire you, tell them what you want and see if they will give it to you. Let them know you are willing to align your goals with theirs but that you want to be appropriately compensated for your prior risk. Keep it pretty business like. If you get into a sticky situation, don't be ashamed to call in the attorneys to help. It's what they are there for.

charlesdm 8y ago
Agree with this. DO NOT SIGN AWAY YOUR STOCK, even if they fire you. And talk to a lawyer. In fact, I wouldn't even communicate with them anymore past the initial stage without going through a lawyer (i.e. let him communicate for you). I also wouldn't quit, unless they fired me. Depending on the jurisdiction you are in, and the equity percentage you own, you might have certain rights they can't ignore (or you could enforce / make their life hell). Investors generally don't like a murky balance sheet.