3 ms·
It seems that you are over-reacting. Ask nicely for a clarification about exactly what form that first investment took. if, as others pointed out, it was a conv
by alain94040 12y ago
It seems that you are over-reacting. Ask nicely for a clarification about exactly what form that first investment took. if, as others pointed out, it was a convertible note, the stock price may not be impacted.
The fact that the company lawyer gave you the stock price indicates that they are not lying to you. So your taxes are probably fine. The only thing questionable is whether they should have given you the raise they promised in writing upon raising funding. If the amount they raised is small, I can see how the founders would think it's too low to trigger the raise.
So overall, everything may just be fine. By the way, you are not a co-founder, you are the first employee.