Re:Ask HN:My former co-founder is threatening to sue me
by notahacker on Friday October 29, 2010 @07:47AM
(#1846936)
Considering how little recourse he has to actually get money from you without spending far more in lawyer's fees than you're actually earning, I suspect he might be convinced to sign a document relinquishing any ownership stake in the company if he is offered that $1000 back...
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Re:Ask HN:My former co-founder is threatening to sue me
by hack_rohan on Friday October 29, 2010 @07:54AM
(#1846952)
i offered him back 1000 USD but he rejected also said him i am willing to pay 50% of the profit that will be made in next 2 months one time amount for the money he invested.
Re:Ask HN:My former co-founder is threatening to sue me
by mqmouse on Friday October 29, 2010 @11:19PM
(#1849989)
That sounds like a great deal. Assuming you make the same amount of money and it wasn't an aberration...
2months X 4 weeks X 4K per week = 32K. Minus operating expenses for 2 months (Let's just use 500 per month here) = 31K Minus taxes (assuming 25%) = 23.25K
$11625 to have a clean corp that grosses 208K a year. Sounds like a no brainer for me... Pay him off, make him sign a final and complete settlement that previous poster suggested.