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Exactly. Good luck explaining to your investors for the next 10-15 years why 50% of the company's value is not accessible to you, them, your employees, or one d
by BadassFractal 8y ago
Exactly. Good luck explaining to your investors for the next 10-15 years why 50% of the company's value is not accessible to you, them, your employees, or one day the public markets.
- Xcelerate 8y agoCould you not dissolve the company and then start a new one that does the same thing with different founders? Or are there legal issues with founding two companies that do really similar things?
- GeneralMayhem 8y agoDissolving the company would require liquidating its value to return it to the existing shareholders, so the guy that left 2 weeks in is getting his 25% either way (he is, after all, a partial owner). If the company is really worthless, you could maybe claim that the company has zero present value and then immediately start another one, but that would still almost certainly constitute fraud.