3 ms·
This guy should have kept this quiet instead of going for the PR anyone in the future who is looking to invest into this company is going to come across this ar
by ckdarby 14y ago
This guy should have kept this quiet instead of going for the PR anyone in the future who is looking to invest into this company is going to come across this article.
As much as everyone is stating how gracious this is this would actually be a warning sign for me to invest any amount of money into this company.
Two previous co-founders willing to throw away a combined 1% of the company for less than an hour of effort. Puts the real valuation of this startup into view when you have two previous co-founders literally throw their equity away.
Consider this startup marked to avoid in the future of any round...
- marquis 14y agoAs long as the paperwork is clear, and there is genuinely a marked difference between the original work and the work that has gone on the last couple of years by the new owners, I don't see it as a problem. People are dropping out of companies all the time, and I see this as an amicable agreement and also highly creative.
- koide 14y agoI think they sold it cheap. They should have asked for something more involved than dancing where nobody even glances at you. For example, getting invited as audience to a live TV show and yelling something of interest/funny.