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I'm pretty amazed that after an apparent agreement someone would decide that you and him both getting 20% wasn't enough and he needed 24% at your expense. That

by lbrandy 18y ago

I'm pretty amazed that after an apparent agreement someone would decide that you and him both getting 20% wasn't enough and he needed 24% at your expense. That's a pretty ridiculous move for someone to make, in my view. It goes well beyond dollars and cents, I'd think. It's obviously not about the percentage points. Losing 4% isn't that big of a deal, and yet neither is gaining 4%. But asking someone who is roughly equal to you to accept this type of agreement isn't trivial. You should probably ask yourself why this person was willing to go through all this potential heartache including the personal issues such a move would cause for a measly 4%.

canhasinternet 18y ago
That's a good point. I'll look into it. Thank you.
jfoutz 18y ago
Seconded. I don't understand why the extra 4% has to come from your hide. Why not have everyone with a current stake give up 1% to the new guy? This demonstrates everybody is committed to doing whatever it takes to get him on board, because it's best for everyone. When your biz guys start thinking we should do X, if and only if X is free... you're screwed.
ojbyrne 18y ago
In addition, where's Michael's sacrifice? If he's all for "what makes everyone more motivated" he should be willing to give up 2% himself, along with you giving up 2%. Fairness is important. In fact I'd suggest it as a way to keep negotiations going forward. You sacrifice,if and only if Michael sacrifices similarly.
cabalamat 18y ago
Yeah, that would ring alarm bells for me too. If there waqs an actual agreement that the original poster get 20% and then one of the other founders reneged on the agreement, then if i was in that position I would be seriously wondering if I could continue to do business with people who're apparently untrustworthy. My advice to canhasinternet: you can either accept 16%, or you can insist on 20% and walk away if you don't get it. Whichever you do is up to you. But you should insist on getting a deal in writing and the other founders sticking to it. If they won't do this, they are untrustworthy and you should walk away.

by lbrandy 18y ago

canhasinternet 18y ago

That's a good point. I'll look into it. Thank you.

jfoutz 18y ago

Seconded. I don't understand why the extra 4% has to come from your hide. Why not have everyone with a current stake give up 1% to the new guy? This demonstrates everybody is committed to doing whatever it takes to get him on board, because it's best for everyone. When your biz guys start thinking we should do X, if and only if X is free... you're screwed.

ojbyrne 18y ago

In addition, where's Michael's sacrifice? If he's all for "what makes everyone more motivated" he should be willing to give up 2% himself, along with you giving up 2%. Fairness is important. In fact I'd suggest it as a way to keep negotiations going forward. You sacrifice,if and only if Michael sacrifices similarly.

cabalamat 18y ago

Yeah, that would ring alarm bells for me too. If there waqs an actual agreement that the original poster get 20% and then one of the other founders reneged on the agreement, then if i was in that position I would be seriously wondering if I could continue to do business with people who're apparently untrustworthy. My advice to canhasinternet: you can either accept 16%, or you can insist on 20% and walk away if you don't get it. Whichever you do is up to you. But you should insist on getting a deal in writing and the other founders sticking to it. If they won't do this, they are untrustworthy and you should walk away.