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A comment on CTO / cofounder exit deal after 1.5y at 600k revenue without SHA.

Re:CTO / cofounder exit deal after 1.5y at 600k revenue with... by Kiro on Sunday January 05, 2025 @08:18AM (#42601545)
> We don’t have a shareholders agreement so he could in theory dilute me by issuing new shares using company or investor money

How does that work? Wouldn't that dilute his share as well? And wouldn't the valuation increase accordingly, making your share keep its value intact?

[ Parent | on HN ]
Re:CTO / cofounder exit deal after 1.5y at 600k revenue with... by biphasic on Sunday January 05, 2025 @08:24AM (#42601580)
because he has a 2/3 majority, he can lift my rights for preferential subscription, which means I don't get the chance to buy them. He could issue new shares at a really low price and buy them himself.
[ Parent | on HN ]