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A comment on Ask HN: Middle School family biz founder; now adult, and parents have all equity. Parent comment

Re:Ask HN: Middle School family biz founder; now adult, and ... by noemit on Monday April 02, 2018 @04:05PM (#16738726)
If your parents want to build out more stuff for the company, consider starting a separate entity and then selling whatever you build as SaaS to them, and use them as guinea pigs to perfect your product, and then sell it to more companies that are similar. That would be a good way to stay connected but stop the bleeding & give you ownership.
[ Parent | on HN ]
Re:Ask HN: Middle School family biz founder; now adult, and ... by karmajunkie on Monday April 02, 2018 @04:20PM (#16738901)
This is good advice. It sounds like your involvement was largely undocumented, so I'm guessing you don't have any non-competes to deal with.

Maybe start the same company all over again and go after your old customers. See how Pop handles that one.

[ Parent | on HN ]