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Strongly disagree. At this point the app has made almost no money and legal fees will quickly eclipse the rest of the money that you've spent on the app. Speak
by revel 7y ago
Strongly disagree. At this point the app has made almost no money and legal fees will quickly eclipse the rest of the money that you've spent on the app.
Speaking of lawyers, I'm not sure who did your incorporation work but it's honestly pretty disappointing to see that they didn't even suggest a vesting schedule. This is startups 101 stuff; any competent lawyer would have told you this.
- mickeyM 7y agoRight, hiring a lawyer for me isn't realistic right now and as you've mentioned I could lose more money than make with such action. I guess another lesson for me other than having a vesting schedule is having a responsible lawyer.
- droithomme 7y agoYou side with those against you meaning your main problems are internal and psychological. Your situation where your contract gives you 40% ownership of the business without a vesting schedule is massively preferable from your standpoint legally and vastly superior than one where you have restrictions on equity. You are in as they say, in the cat-bird seat. Why do you continue to side against yourself and with those who seek to harm you? I don't need an answer nor can I answer that for you. It's something you need to resolve for yourself.