throwaw87

4 ms·

1. 1.▲
   by throwaw87 5y ago

   I quit my job to start a company, trusting the legal to my business partner. We exchanged a written egalitarian cap table, but he secretly gave himself >100x more shares than listed. Yet, he called me "co-founder" and wrote tha
2. 2.▲
   by throwaw87 6y ago

   Thanks, good advice! Wanted to see if there were any options in advance, since it's hard to research online.
3. 3.▲
   by throwaw87 6y ago

   Thanks and agreed -- it is always best just to be honest and upfront about what options exist.
4. 4.▲
   by throwaw87 6y ago

   Thanks for the reply. Yes reluctantly, as long as we can satisfy the deferred lawyers. Hopefully it wouldn't make for a complex story when we're trying to raise a seed round - could look like we don't know what we're doi
5. 5.▲
   by throwaw87 6y ago

   We planned on being co-founders all along, but he came in slightly later after the legal was initially done -- then it took a while longer than I hoped to raise the seed due to COVID. He wouldn't appreciate me reneging on that, especia
6. 6.▲
   Ask HN: Giving new co-founder 40% equity at seed round?

   12 points by throwaw87 6y ago|9 comments