4 ms·
I think it's unlikely that you'll fix the situation and remain a member of your company with your 30%; cofounder disputes, especially at such an early stage, al
by bradleybuda 11y ago
I think it's unlikely that you'll fix the situation and remain a member of your company with your 30%; cofounder disputes, especially at such an early stage, almost never end amicably, and they ruin many, many companies. It sucks; I'm sorry that things ended this way.
So it seems like you have two options:
1) Walk away
2) Walk away and hire a lawyer
Whether or not you hire a lawyer depends on whether or not the company is worth anything. The answer is probably no, if you're relatively new and have just been accepted into an incubator, but if the company has significant revenue, a real valuation, or other overwhelming signs that it really is valuable, then you could consider hiring an employment lawyer, with the knowledge that it will be a large out-of-pocket expense.
If you're passionate about the idea, go do it on your own, or with new cofounders. Don't take any code - it's not yours and it's a good way to cause yourself more problems in the future - but run with the idea and out-execute your old team. And good luck.