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This is a familiar story to at least a few Hacker News readers. You're not alone. Rule 1: Get all compensation and consideration in writing. Even if you think
by michaelochurch 15y ago
This is a familiar story to at least a few Hacker News readers. You're not alone.
Rule 1: Get all compensation and consideration in writing. Even if you think the people on the "other side of the table" are trustworthy, you could face an entirely different set of people when the contract actually matters.
When did you sign over the IP? The absolute latest time to get your compensation (including what happens to your equity if you leave or get fired) locked down is when you assign the IP. If you've never signed over the IP, this is good news but you must talk to an attorney right now.
Rule 2: If you have any documentation, the court system is your friend. If there's a substantial amount of money involved, and it sounds like there was in the context of the acquisition, an attorney will take your case on contingency. Trust me: this is more common than you think.
You absolutely must get at least a settlement out of this. Being beaten down at a previous job makes it hard to keep on an even keel, emotionally speaking, at the next one. Even if the money means absolutely nothing to you, you must fight.
There are good startups and good founders out there. You just fell in with one of the bad ones. The good founders will set fair contracts (not just golden-road promises) in advance. Talk is cheap. It's easy to make someone "feel like" a real co-founder but it's hard to actually show that the person is one.