4 ms·

He's open to a lower %? How nice for him. I'm open to taking 1-5% too for this comment. Seriously though, if you don't treat your company's equity as precious,

He's open to a lower %? How nice for him. I'm open to taking 1-5% too for this comment. Seriously though, if you don't treat your company's equity as precious, who else is going to? As pbiggar said, this is lunacy. Taking a lawyer on as an investor in any early stage company is extremely risky. You have no idea the trouble they can stir up as a shareholder if they feel like it. The fact that he wants cash on top? This guy should be offering you his first born son for you to even consider it. Read this (they got off cheap): https://battlehardened.wordpress.com/2012/02/07/a-5000-chair/ https://battlehardened.wordpress.com/2012/02/07/a-5000-chair...

Nadya 11y ago
>Those words “without prejudice” are lawyer speak for “I’m not going to do anything now, but I retain my right to sue you at any time in the future for any amount”. Learn something new everyday. However, he had given the chair as a gift of his departure by saying they could keep it. It doesn't sound like he'd be able to sue for the chair. In fact, under what grounds did Bill have the right to sue at all or ask for any amount of money or be required to sign papers if he was never officially signed in to the CEO position? I feel a lot of information from that story is missing.