2 ms·
Shares are worth little until they aren't. If I'm the partner taking the major risk and the other is "I'll work on it when it doesn't interfere with $DAYJOB",
by kjs3 5y ago
Shares are worth little until they aren't. If I'm the partner taking the major risk and the other is "I'll work on it when it doesn't interfere with $DAYJOB", then I'm going to protect my (possible) upside and try to recoup the equity. Just business.
- tomhallett 5y agoBut all of the equity? I think the person leaving should walk away with some equity.
- kjs3 5y agoI didn't say it was an equitable parting, and I agree with you that a founder should have something. But we don't know how the parting negotiations went down, nor what they were willing to fight for, nor how involved lawyers were (because lawyers == money lost and at some point you have to realize that sucking up your residual equity paying lawyers to fight for it is counterproductive (financially and personally)).