Re:Co founder problems
by keltecp11 on Friday July 17, 2009 @04:25PM
(#710704)
I'm not an attorney and I don't know all the facts...but:
Lawsuits = $
Before this snowballs and the attorneys end up being the only ones winning... why don't you see if the venture succeeds?
Person A (if he was smart) would keep his mouth shut until the venture ends up making big $... thn he would go to court
Person B (if he was smart) would be flexible with person A and/or create a vesting schedule where nobody has any stock in the company unless they work on the company for a year and achieve certain deliverables... if person A does not achieve any deliverables, Person A's stock does not vest and he has 0% equity stake in the company.
overall Don't be greedy...person A or person B... go out for some beers and just move-on.
Lawsuits = $
Before this snowballs and the attorneys end up being the only ones winning... why don't you see if the venture succeeds?
Person A (if he was smart) would keep his mouth shut until the venture ends up making big $... thn he would go to court
Person B (if he was smart) would be flexible with person A and/or create a vesting schedule where nobody has any stock in the company unless they work on the company for a year and achieve certain deliverables... if person A does not achieve any deliverables, Person A's stock does not vest and he has 0% equity stake in the company.
overall Don't be greedy...person A or person B... go out for some beers and just move-on.