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I imagine there is another side to this story. This doesn't seem to be the full picture.
by JackFr 14y ago
I imagine there is another side to this story. This doesn't seem to be the full picture.
- jusben1369 14y agoThere nearly always is. And it's often starkly different. And then the truth is somewhere right in the middle between the two accounts.
- learn 14y agoNow someone needs to go get this other guy and have him post his side of the story on HN.
- rgbrenner 14y agoit doesn't help that he keeps calling him a cofounder, when he says the guy made it clear he wanted to be a consultant + board member. If your cofounder is charging you by the hour, he's not a cofounder.
- alexkus 14y agoIt sounds like he wanted to collect his remuneration by invoicing as a contractor rather than being made an employee. It can be quite 'tax efficient' to do this if you don't need the cash straight away. (In the UK at least) being a director is quite separate from being an employee. I'm a director of two companies but employed by neither.
- rgbrenner 14y agoIt's the same way here in the US. Board members aren't employees.. the company isn't even required to compensate them for serving on the board.