11–20 of 86 posts
As my cofounder and I are currently finalizing our own incorporation, I look at Fundable's sad situation and think, "Wow. What if that were us? Is there any way we can avoid ever having that kind of situation with a clever bit of legalese?" Unfortunately, I suspect the answer is "no". As soon as you give one partner the ability to eject the other (for whatever reason), you open the door for all sorts of abuse. Beside…
As my cofounder and I are currently finalizing our own incorporation, I look at Fundable's sad situation and think, "Wow. What if that were us? Is there any way we can avoid ever having that kind of situation with a clever bit of legalese?" Unfortunately, I suspect the answer is "no". As soon as you give one partner the ability to eject the other (for whatever reason), you open the door for all sorts of abuse. Beside…
Money has a funny way of ruining even the best of friendships.
Be careful. Do the right thing. Cover your bases to protect against either of you going crazy.
I'm curious if anyone has experience with something like this or know of other situations where a joint venture was owned 50/50 and one side allegedly decided to take their ball and go home? Is there legal recourse either side can take to reclaim ownership and move on?
[Edited to add: Tipjoy. I knew it was T-something but I ran through about 15 combinations of Twit-X before realizing that it was not from that naming convention.]
As my cofounder and I are currently finalizing our own incorporation, I look at Fundable's sad situation and think, "Wow. What if that were us? Is there any way we can avoid ever having that kind of situation with a clever bit of legalese?" Unfortunately, I suspect the answer is "no". As soon as you give one partner the ability to eject the other (for whatever reason), you open the door for all sorts of abuse. Beside…
I have to really ask, "Why is this upvoted so much?" There aren't really lessons in here; it's just bitter drama.
people love a train wreck, + it has the lesson of being careful of who to pick for your cofounder, and about giving second chances to people who screw you over.
I am having a total mental block trying to recall the name of the "Donate people money through Twitter" service that was on HN a few times, but I think this is what he meant when he said "Do not take payments lightly." [Edited to add: Tipjoy. I knew it was T-something but I ran through about 15 combinations of Twit-X before realizing that it was not from that naming convention.]
seek legal action against Louis Helm personally
should he fail to resolve your payment issues promptlyEarlier quoted context omitted.
people love a train wreck, + it has the lesson of being careful of who to pick for your cofounder, and about giving second chances to people who screw you over.
I'd like to believe that this site is better than that – that it's not about watching train wrecks. The problem with picking co-founders isn't that people don't know it's important – it's that they ignore it anyway or don't know how to tell. It's about as useful as a surgeon general's warning on cigarettes.