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> " I absolutely trusted my co-founders and didn't check the incorporation papers but it seems that the incubator (+ the mentors in that incubators) and my co-f
by davemel37 11y ago
> " I absolutely trusted my co-founders and didn't check the incorporation papers but it seems that the incubator (+ the mentors in that incubators) and my co-founders didn't want me as a founder"
There is already broken trust at this stage. Normally I would want you to ask yourself if you are sure you are reading the situation correctly and recommend you consult an attorney...but I've seen these stories play out time and time again.
Even if you work past this issue, the trust is gone, and it's just a matter of time before there is another falling out.
Even if you did get your 30% equity, very few startups survive messy founder breakups and I don't really think the equity will ever be worth anything.
Your best option (if you can legally) is to leave them and start a new company where you own 100%.
Your next best option is to demand a hefty payout in exchange for the code base and/or agree to finish building it out for a premium fee on your time.
Bottom line, get out of there ASAP...
- brador 11y agoOr consult an attorney and threaten to sink the ship. They should buy you out/pay you off/settle. Don't feel bad, remember, they screwed you first.