crushersk

4 ms·

1. 1.▲
   by crushersk 2y ago

   Since we have currently run out of money at the current company, how does that play a role here?
2. 2.▲
   by crushersk 2y ago

   I invested the patent into the startup when I was founding it. The remaining work is brand design, hardware boards that need another round of redesign (some firmware code can be kept), and app re-development since CTO's work is unusabl
3. 3.▲
   by crushersk 2y ago

   In the contract it says at-will employment, so we can end his contract. We've asked, over period of 2+ years about the status of work, his availability. When I have kept asking now for 3 months what the status of work is, if he can upl
4. 4.▲
   by crushersk 2y ago

   I invested it into the company when I was founding it. At that time, we were good friends.
5. 5.▲
   by crushersk 2y ago

   How would we value his 5% shares of a company that has no money now, no product, no revenue. We have some designs, brand design etc, valued patent (although 4 years old now). But we need to do new hardware design, still develop our software
6. 6.▲
   by crushersk 2y ago

   Yes we can fire him, but that doesn't solve our issues with his shares. Our investor would put up more money for development, but not while the CTO is involved with the company anymore. We would much rather continue working on our own
7. 7.▲
   Ask HN: Co-founder doesn't produce work, is unrealiable, doesn't want to leave

   30 points by crushersk 2y ago|56 comments