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Idea guys: get your partnerships in writing, at least emails, so you're not relying on photos and verbal agreements for your case. Implementors: beware 'idea g
by gojomo 14y ago
Idea guys: get your partnerships in writing, at least emails, so you're not relying on photos and verbal agreements for your case.
Implementors: beware 'idea guys' with inflated senses of their own value, and who may not have the skills/staying-power for all the detail and drudge work ahead.
Unless Brown is a total fraudster, I'd guess there was some legitimate contribution but then early falling-out. (The complaint identifies a contentious phone call in mid-August 2011 as the turning point.)
Assignment agreements and founder-vesting schedules exist for these kinds of cases... but given the speed and informality of today's ventures, can arrive too late to save teams from ugly court disputes.
- accountoftheday 14y agoWith regards to founder vesting, it is worth pointing out that if the fallout happens before the one-year cliff he gets nothing (if the usual terms apply).
- gojomo 14y agoIndeed. I don't particularly like that common cliff, and think starting monthly vesting right away for those present (and initially equal) at the 'true founding' would be better.