News for hackers. Stuff that matters.

A comment on In a bit of pickle with the investors for a startup I work at – advice needed.

Re:In a bit of pickle with the investors for a startup I wor... by tannerbrockwell on Monday November 08, 2021 @01:04PM (#29152168)
You are being setup. You are one of three founders, so you are in the minority. They may be looking for a way to revoke your shares. I would consult an attorney / estate planner and make sure your stake is untouchable. (see Balmer / Gates and Paul Allen for what could happen). The investors want less founder allocation as well so everyone is going to try to get your allocation nullified.

You are in a no-win situation, other than preserving your equity. Any short term victory vs the CEO will be short lived. "Win the battle-Lose the war..." The war here is to walk away with your sweat equity in the company. Being nice, or making someone else be "nice" is not a win.

[ Parent | on HN ]
Re:In a bit of pickle with the investors for a startup I wor... by JesusRobotics on Monday November 08, 2021 @02:32PM (#29153229)
I don’t know anything about being founder and I pray this isn’t the case. She shouldn’t have to endure an hostile work environment and the company in itself is stupid for not recognizing her struggle because it will be repeated.
[ Parent | on HN ]
Re:In a bit of pickle with the investors for a startup I wor... by joey-twoface on Monday November 08, 2021 @01:07PM (#29152204)
> Being nice, or making someone else be "nice" is not a win.

It's not about being nice - I just want to be professional and not considered as someone who just rats people out.

Being set up sounds a bit extreme but I appreciate the post, thanks

[ Parent | on HN ]
Re:In a bit of pickle with the investors for a startup I wor... by tannerbrockwell on Monday November 08, 2021 @03:16PM (#29153706)
Your equity is at stake. You have been warned. Perhaps I did not make myself clear. Meeting with the investors is a mistake, your equity in the company is in jeopardy. If you do not make plans to protect it you will lose. I told you to look at Paul Allen. Same scenario, three founders, one almost squeezed out.
[ Parent | on HN ]