News for hackers. Stuff that matters.

A comment on Ask HN: Co-founder leaving a startup for free without equity?.

Re:Ask HN: Co-founder leaving a startup for free without equ... by pulse7 on Tuesday September 24, 2019 @11:32AM (#21061248)
mickeyM: Please read and learn from the story how Paul Allen departed from Microsoft. From Wikipedia [1]: "In 1983, Gates tried to buy Allen out at $5 per share but Allen refused and left the company with his shares intact." So you can leave and retain your shares. If Jim continues developing existing app under a new company, he effectively steals the code you co-own... Remember that you also invested your work into this app (sketches & app flow)...

[1] https://en.wikipedia.org/wiki/Paul_Allen#Microsoft

[ Parent | on HN ]
Re:Ask HN: Co-founder leaving a startup for free without equ... by mickeyM on Tuesday September 24, 2019 @11:48AM (#21061424)
Wow, I didn't know such thing happened to Microsoft too :) Always it's only Gates who gets the spotlight.

Yeah, toxik also pointed to the fact I co-own the code (app), although from a different perspective. Thanks a lot!

[ Parent | on HN ]