Ask HN: Co-founder wants me to leave but won't entertain a buy out offer

Post by adamsea » Wed, Dec 23, 2020, 2:10 AM UTC

_0ffh wrote: post #351

digitaltrees wrote: post #313

Earlier quoted context omitted.

This advice will almost certainly result in no deal and leave all parties worse off. Instead, I would have an open, honest conversation, listen from a place of empathy and generosity and seek a compromise. The truth is, unless your cofounder has the right to terminate your employment, then continue working and try to create as much harmony as possible. Co-founder disputes are awful and usually result in the death of…

Well no, fuck them. If the choice is to get some crumbs of a cake I was vital in baking or to throw the whole cake, I'd throw it unless I was starving otherwise! It is not a good move to let someone get away with something like this. Also, it will mark you as a pushover in future endeavors with other people, should they get wind of what happened there. Do not let anyone get away with that kind of antisocial behavior,…

Post by AtlasBarfed » Wed, Dec 23, 2020, 2:16 AM UTC

nickff wrote: post #341

CyberDildonics wrote: post #334

Earlier quoted context omitted.

> There are all kinds of ways NTF can reduce/destroy NTF's equity What are those ways? The only sane thing is to go and talk to lawyers. In what world is it going to be the best option to let yourself be used and abused?

NTF and investor can simply issue more shares under any number of arrangements; cap tables are not written in stone. If they have a hard time, they might also start a new company, and liquidate all the assets from the current company. Every ongoing business arrangement relies on goodwill and intent to survive, like any other relationship. Consulting a lawyer with expertise in the area may be a good idea, but the best…

Post by nsrivast » Wed, Dec 23, 2020, 2:17 AM UTC

swat535 wrote: post #333

I'm going to go against the grain here and say that you shouldn't make decisions based on what random people on the internet say. By all means read all the replies but the best course of action is to seek professional counsel and guidance from an attorney. You may or may not have to go through a legal battle to get your share. You should document everything as soon as you can, text messages and emails. The more paper…

Post by piyushpr134 » Wed, Dec 23, 2020, 2:20 AM UTC

Post by tptacek » Wed, Dec 23, 2020, 2:21 AM UTC

wdb wrote: post #368

tptacek wrote: post #247

Earlier quoted context omitted.

I'm 100% avoiding on principle ever working with a founder who ruthlessly terminated a partner in month 11 of a cliff without simply accelerating the cliff, so there's not much need to litigate that point.

But how do you find out?