legalhelp

4 ms·

1.
by legalhelp 16y ago
Great points about the buy-out and non-active founders shares. I'm not trying to ask for a piece of what they create in the future. If the company makes money, I'd like to get paid back for the platform that I helped build which enabled the
2.
by legalhelp 16y ago
I think with enough determination the current owners could pivot into something that makes money. They would be building on top of the branding, website and traffic that I put time into building. Maybe it's not a question of if it will fail
3.
by legalhelp 16y ago
No one is sure about sticking it out with this company and I doubt any of the owners would want to put the time and money into becoming an investible entity. Without becoming an investible entity, I have no guarantee that I will receive any
4.
by legalhelp 16y ago
I would definitely bite at the chance to pull $50k so I think you're right - that valuation would be too high. I could walk away for $10k. That puts the company valuation at $40k. Before we brought on the last 2 owners, we talked about crea
5.
by legalhelp 16y ago
It's more than just being burned out. I don't believe the owners are good co-founders. This was my first venture into entrepreneurship. I think there's local value in the brand and potential for it to transform into something profitable. I
6.
by legalhelp 16y ago
I'm already working on many other projects outside the scope of this company. Everyone is putting money into the company to keep it going right now. They don't think it's fair - and rightfully so - that they keep paying while I stop paying
7.
Ask HN: Leaving a startup that I co-own - How should I be compensated?
24 points by legalhelp 16y ago|28 comments