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7 weeks past since you last posted about the sale (https://news.ycombinator.com/item?id=38059219 https://news.ycombinator.com/item?id=38059219), have you contac
by mtmail 3y ago
7 weeks past since you last posted about the sale (https://news.ycombinator.com/item?id=38059219 https://news.ycombinator.com/item?id=38059219), have you contacted anybody in the meantime? Can you contact any employees that might have had significant share (received any kind of payout)?
A strong worded letter by a lawyer is probably a good investment. You have shares and demand to know what happened to them.
- sadfounder2023 3y agoI reached out to my co-founder but haven't heard anything from him. I also asked around and heard through the grapevine that the startup was sold for less than liquidation preference. But I don't know how reliable this is. I suppose my main hesitation in hiring a lawyer is that it would cost me a bunch of money, only to find out that the startup was sold for less than liquidation preference. If I did get a lawyer to send a "strongly worded letter", would the company be required to provide details about the acquisition? Given that my co-founder is not being cooperative, I suspect he wouldn't share anything that he isn't legally required to
- japhyr 3y agoYour last post mentioned a potential 6-figure payout. If that's realistic, then paying a lawyer to craft a communication that requires a response will be a lot more productive than continuing to post here. A drawn out lawsuit would be expensive, but asking a lawyer how to get clear information about what's going on shouldn't be prohibitively expensive.