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I just signed away 10% of a company I founded. It was hampered by loans from the origination of the business 5 years ago. Had that orignal money not been equity
by salahxanadu 14y ago
I just signed away 10% of a company I founded. It was hampered by loans from the origination of the business 5 years ago. Had that orignal money not been equity AND loans we'd have been profitable 18 months ago. I was laid off in September and now have a good job after a few tenuous months.
I won't feel bad if they do end up making something of it and sell it for a profit because I am glad to be out. I don't need a freelance job that doesn't pay anything around my neck all week, every week.
The investors protected themselves and brought down the business with it.