biphasic

3 ms·

1.
by biphasic 2y ago
I agree that he wants to rush it before the grant comes in.
2.
by biphasic 2y ago
Would be great to chat, how can I contact you?
3.
by biphasic 2y ago
Understood! What do you think of the deal? Is it a fair offer?
4.
by biphasic 2y ago
Would agree if it wasn't for employee stock pool and first founding round this year which is already going to make the 1% more like 0.65
5.
by biphasic 2y ago
Agree with that
6.
by biphasic 2y ago
Agree that 1% is too small. Would be happy with 2-3% plus the cash
7.
by biphasic 2y ago
> You have already realised the biggest value of that company; lessons about what to look for in a future co-founder, how to run a company and build a product. Agree with that, I now know what to look for if I started a new venture. Than
8.
by biphasic 2y ago
I'm interested in coming to an agreement, I have not much to gain in holding on to all my shares.
9.
by biphasic 2y ago
because he has a 2/3 majority, he can lift my rights for preferential subscription, which means I don't get the chance to buy them. He could issue new shares at a really low price and buy them himself.
10.
by biphasic 2y ago
I'm trying to push up the stock, but my co-founder is a tough negotiator and adamant
11.
by biphasic 2y ago
that is correct. The company needs to build a product more or less from scratch at this point
12.
by biphasic 2y ago
Because he had started to develop contacts one year before and argued that the CEO needs more power, and I was naïve and went with it.
13.
CTO / cofounder exit deal after 1.5y at 600k revenue without SHA
46 points by biphasic 2y ago|69 comments