throwaway2019XX

5 ms·

1. 1.▲
   by throwaway2019XX 7y ago

   Thanks I'm getting a referral from a friend who has a startup based on your advice and others in this thread.
2. 2.▲
   by throwaway2019XX 7y ago

   Based on the guidance here, I did find something called the "Entire Fairness Doctrine" and that appears to be where the case would lie for the minority shareholders including myself on the legal front. That said, an internal legal
3. 3.▲
   by throwaway2019XX 7y ago

   Well, we actually agreed on a specific number and we also have to consider what is reasonable and makes sense for the company at this stage. I don't think I would agree to that because it would not look good for our investors to be tak
4. 4.▲
   by throwaway2019XX 7y ago

   Thanks, I'll read up on this.
5. 5.▲
   by throwaway2019XX 7y ago

   Thanks for this link. It's clear to me that several actions taken are a breach of fiduciary, but I had not read about self-dealing which does appear to be happening here based on some other details that I have not mentioned.
6. 6.▲
   by throwaway2019XX 7y ago

   Thanks for the advice. I kind of did that in the prior meeting when I found out about the change, but got answers that didn't satisfy me. The company is doing well, so I think parting ways is a non-option for both of us and I'm tr
7. 7.▲
   Ask HN: Majority owner cofounder increased salary by 3X what can I do?

   10 points by throwaway2019XX 7y ago|14 comments