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1. Threaten to leave: Don't bother. Won't change anything, and will put you in a position where he calls your bluff, and you end up in the same position but wit
by mchannon 8y ago
1. Threaten to leave: Don't bother. Won't change anything, and will put you in a position where he calls your bluff, and you end up in the same position but with a time factor, coming off as mercurial, melodramatic, and weak.
2. Use your users/investors: Probably should be doing this already.
3. Shutdown the company and start a competing company: Hard to see the downside to this approach given what you've told us.
Have you raised money? Do you have registered IP or IP agreements? Are you an LLC, C-Corp, or non-entity? Need to know these things to provide the best advice.
If a shutdown-today, reopen-tomorrow approach is non workable, consider a "soft landing" where you arrange for a "new company" (which you control) to exclusively license your existing entity's IP at a pittance (or a convoluted formula that ends up becoming a pittance). The other guy still owns 50% of something, sees his fortune as existing shareholder is the same as yours, so he's happy and has no reason to fight with you.