mistakes

4 ms·

1.
by mistakes 16y ago
Thank you for the perspective. It makes sense.
2.
by mistakes 16y ago
Agreed that we need to deal with this matter quickly. Thank you for your advice.
3.
by mistakes 16y ago
We had a one year cliff. He left some time after it.
4.
by mistakes 16y ago
You say he contributed nothing to your current product Actually, I said A's contribution to our current efforts is zero It's an important difference and I chose the word carefully. Our early efforts with him did not succeed, but based o
5.
by mistakes 16y ago
Good idea but this would require us to wait till we raise funding, and therefore have a valuation. We are wondering if there is a way to resolve this right now so that it doesn't complicate an already complicated fundraising process.
6.
by mistakes 16y ago
This may be a stupid question, but by 'grant', do you mean a stock grant? Why would he agree to a grant of less than X% (which he currently owns)? The last option is the default, and we are o.k. with it if it comes to that.
7.
by mistakes 16y ago
Maximizing equity for the remaining founders (and current and future employees) is the primary objective. Doing so fairly is important also, but to quite a degree, fair is subjective. Agree that the best thing is to focus on the business an
8.
by mistakes 16y ago
Actually, I said "a convertible note for an amount equal to"..which gives him a chance for a payoff at a later date and (as I understand it), provides a floor for this payoff while limiting the ceiling to a certain extent. However I am not
9.
Ask HN: Co-founder leaving amicably. Convertible debt an option?
21 points by mistakes 16y ago|23 comments