Re:Co-founder wants to start another company with my IP
by The_DaveG on Tuesday May 12, 2020 @10:12PM
(#23162691)
I would imagine that copyright infringement is difficult and expensive to both prove and defend in court.
I would suggest 2 things:
1) Speak directly with the investors. You have some type of relationship with them. Let them know what happened. Let them know that you're not releasing the IP. That you've gone through this process and your former co-founder who is both negotiating in bad faith and in their name.
I would imagine that the prospect of a costly lawsuit will force a resolution or they will pull funding. Even if you do not sue today, there is still time down the road. They could become successful and you can go after them then.
2) Go on with life. Start your company. Pick better co-founders. Become successful. Don't spend years of your life obsessed with something that didn't turn out.
These are hard learned lessons that I wish I knew 10 years ago.
I would suggest 2 things:
1) Speak directly with the investors. You have some type of relationship with them. Let them know what happened. Let them know that you're not releasing the IP. That you've gone through this process and your former co-founder who is both negotiating in bad faith and in their name. I would imagine that the prospect of a costly lawsuit will force a resolution or they will pull funding. Even if you do not sue today, there is still time down the road. They could become successful and you can go after them then.
2) Go on with life. Start your company. Pick better co-founders. Become successful. Don't spend years of your life obsessed with something that didn't turn out.
These are hard learned lessons that I wish I knew 10 years ago.