Re:WhatsApp co-founder accuses Facebook of trading privacy f...
by Joe-Z on Saturday March 16, 2019 @05:54AM
(#19407101)
Not giving a guy who’s bringing nothing to the table but money 51% of your company sounds like a good idea. Not trying to be mean, but as soon as I read that I was like „Oh boy...“
[ Parent
| on HN ]
Re:WhatsApp co-founder accuses Facebook of trading privacy f...
by jeena on Saturday March 16, 2019 @01:46PM
(#19409087)
That is basically what we learned from it. About a year ago me and two other friends wanted to start a new company and we found investors but they wanted to have those 51% so after many negotiations and back and forth the thing they didn't want to give up was the 51% which lead to us not working together with them. It's just not worth to invest all the work into a new company which you don't own to a degree that you can decide what to do.