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As a co-founder, you accept the risk that if your company fails, you get nothing, and you might not get compensated for your time. That's just how startups work
by a13n 7y ago
As a co-founder, you accept the risk that if your company fails, you get nothing, and you might not get compensated for your time. That's just how startups work. High risk, high reward.
Therefore it's ridiculous to say OP deserves a % of revenue/profit/equity of their co-founders next venture. There's no legal or ethical basis for negotiating this.
- lmartel 7y agoAssuming it's an entirely separate venture, sure. But from the OP it sounds like the cofounder might be continuing in the same line of business, but wants to "pivot" and jettison the now-dead weight of the technologist. If this is the case it seems plausible that his contributions and R&D are still relevant, even if they're throwing out his code, and so perhaps he's entitled to whatever stake he vested over those first two years.
- creyes 7y agoThis makes sense to me. If it's entirely unrelated then yeah totally. But if they're doing a shopify store to sell these workshops then I think OP should get some points
- TuringNYC 7y agoIf the co-founder is taking any code, data, or customers to the next venture, then it seems fair the other co-founder should get something out of the new venture. If the co-founder is taking just knowledge, best-practices, know-how, and life experience, then the other co-founder does not have any legal basis to expect anything.
- remmargorp64 7y agoExactly
- whalesalad 7y agoBoth of us are missing a tremendous amount of context on the situation. Both of us could be equally way off base.
- a13n 7y agoYeah agreed, but I think the other comments should help OP figure out what applies to their situation.