3 ms·
Sounds like all the company had is people and your expertise. Why didn't you quit and create a new company with the same people? Also, knowing what you know no
by seniorivn 8y ago
Sounds like all the company had is people and your expertise. Why didn't you quit and create a new company with the same people?
Also, knowing what you know now, would it be better to sell the whole company when your investor wanted an exit? Or what you think you should've done?
- Joe-Z 8y agoNot giving a guy who’s bringing nothing to the table but money 51% of your company sounds like a good idea. Not trying to be mean, but as soon as I read that I was like „Oh boy...“
- jeena 8y agoThat is basically what we learned from it. About a year ago me and two other friends wanted to start a new company and we found investors but they wanted to have those 51% so after many negotiations and back and forth the thing they didn't want to give up was the 51% which lead to us not working together with them. It's just not worth to invest all the work into a new company which you don't own to a degree that you can decide what to do.
- Joe-Z 8y agoGood on you for standing up for yourself. I hope everything worked out in the end!
- jeena 8y agoIsn't that what practically all smaller software companies have? Personal life came in between and people later moved around, etc. now we all have normal regular jobs at bigger companies. I'd say I learned never give 51% to the person who only invests money but not his life, blood and sweat into it. It's not worth it and it will screw you up.