Ask YC: Startup crisis. Out of money and tech co-founder has bailed.

Re:Ask YC: Startup crisis. Out of money and tech co-founder ... by drinko on Wednesday May 07, 2008 @02:06PM (#183601)

"this is a set of circumstances where the developer had most of the leverage, you failed to recognize it and got burned"

This is true to a degree. We agreed to the initial arrangement as a fair deal, but I didn't appreciate the way she swtiched terms on me, and then bailed when the going got tough. (ie funding ran out)

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Re:Ask YC: Startup crisis. Out of money and tech co-founder ... by aston on Wednesday May 07, 2008 @02:26PM (#183651)

Doesn't speak well to her commitment to the company, but she probably was right about being owed more equity in the company, if only because her leaving really has taken out a good chunk of the value of the enterprise.

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Re:Ask YC: Startup crisis. Out of money and tech co-founder ... by tptacek on Wednesday May 07, 2008 @02:43PM (#183691)

"Commitment to DrinkoCorp" is not actually a virtue, just so we're clear.

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Re:Ask YC: Startup crisis. Out of money and tech co-founder ... by aston on Wednesday May 07, 2008 @02:47PM (#183697)

I disagree, at least in the general case. I believe everyone has a basic responsibility for the well-being of others (insofar as you can reasonably help), and so even if the negotiated agreement is bad I think it's more virtuous to end on good terms. Threatening to quit just because you have a ton of leverage isn't illegal or immoral, but I'd look down on somebody who did it as prizing money over relationships, which to me is definitely a vice.

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Re:Ask YC: Startup crisis. Out of money and tech co-founder ... by tptacek on Wednesday May 07, 2008 @02:50PM (#183700)

If relationships are paramount, everyone should have the same equity stake. What's the formula that gets you from 50% to 6% for $6000/mo? Just a thought.

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