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Re: by icedchai on Friday May 26, 2023 @06:35PM (#36090281)
Are they going to pay you for it?
Re: by confusedfound3r on Friday May 26, 2023 @09:26PM (#36091243)
no. I mean maybe if I leave them no other options - the investors seem REALLY pissed about the idea of me walking away with much equity at all. but don't want to put my co-founder in the situation of having to give up more equity to investors, especially at a discount, or have to spend runway.
Re: by icedchai on Friday May 26, 2023 @10:47PM (#36091628)
Just tell the other investors they can buy you out, let you keep your equity, or some combination. To do otherwise seems to twist the definition of “equity.” If a founder suddenly told an investor they “couldn’t keep their equity” there’d be lawyers involved. As soon as you tell them you want cash I’m sure they’ll shut up real quick.